Systematic Financial Management LP Raises Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Systematic Financial Management LP raised its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,099,877 shares of the real estate investment trust’s stock after purchasing an additional 207,256 shares during the period. Systematic Financial Management LP owned approximately 0.88% of Apple Hospitality REIT worth $31,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in Apple Hospitality REIT during the second quarter valued at $26,000. Quarry LP raised its holdings in Apple Hospitality REIT by 127.5% during the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,290 shares during the period. GAMMA Investing LLC raised its holdings in Apple Hospitality REIT by 40.4% during the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 780 shares during the period. Headlands Technologies LLC raised its holdings 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 during the period. Finally, Palouse Capital Management Inc. bought a new stake in Apple Hospitality REIT during the second quarter valued at about $99,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Apple Hospitality REIT Trading Down 0.8 %

Shares of APLE opened at $16.09 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.92 and a beta of 1.13. The company has a 50-day moving average of $15.37 and a 200 day moving average of $14.77. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $378.84 million during the quarter, compared to analysts’ expectations of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 5.97%. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Wells Fargo & Company decreased their price target on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Finally, StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Apple Hospitality REIT has a consensus rating of “Hold” and a consensus price target of $16.50.

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.