Apple Hospitality REIT, Inc. (NYSE:APLE) Stock Position Raised by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,245 shares of the real estate investment trust’s stock after acquiring an additional 5,515 shares during the quarter. Harbor Capital Advisors Inc. owned 0.06% of Apple Hospitality REIT worth $2,291,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in APLE. EdgeRock Capital LLC acquired a new stake in Apple Hospitality REIT during the second quarter valued at $26,000. Quarry LP lifted its holdings in shares of Apple Hospitality REIT by 127.5% during the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,290 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Apple Hospitality REIT by 40.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 780 shares in the last quarter. Covestor Ltd increased its holdings in Apple Hospitality REIT by 115.6% in the first quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 2,313 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in Apple Hospitality REIT by 4,406.5% during the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 5,420 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Glade M. Knight acquired 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $14.04 per share, for a total transaction of $70,200.00. Following the completion of the purchase, the chairman now owns 636,990 shares in the company, valued at approximately $8,943,339.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on APLE shares. Oppenheimer reissued an “outperform” rating and issued a $17.00 target price on shares of Apple Hospitality REIT in a research report on Friday, October 4th. Wells Fargo & Company decreased their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Finally, StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.25.

Apple Hospitality REIT Price Performance

Shares of Apple Hospitality REIT stock opened at $14.73 on Tuesday. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year high of $17.90. The firm has a fifty day simple moving average of $14.74 and a 200-day simple moving average of $14.62. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 16.74 and a beta of 1.11.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.13). Apple Hospitality REIT had a net margin of 14.91% and a return on equity of 6.30%. The business had revenue of $390.08 million during the quarter, compared to analyst estimates of $388.82 million. During the same period in the prior year, the business posted $0.49 earnings per share. On average, sell-side analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Thursday, October 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 109.09%.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.