BCO Wealth Management LLC Invests $210,000 in Apple Hospitality REIT, Inc. (NYSE:APLE)

BCO Wealth Management LLC bought a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the fourth quarter, Holdings Channel.com reports. The fund bought 13,710 shares of the real estate investment trust’s stock, valued at approximately $210,000.

Several other large investors have also recently bought and sold shares of the stock. Inspire Advisors LLC increased its holdings in shares of Apple Hospitality REIT by 8.5% during the 4th quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,137 shares during the period. Keybank National Association OH lifted its stake in shares of Apple Hospitality REIT by 3.1% in the fourth quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust’s stock valued at $617,000 after buying an additional 1,218 shares during the period. Hudson Edge Investment Partners Inc. grew its position in Apple Hospitality REIT by 4.9% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 1,272 shares in the last quarter. Xponance Inc. increased its stake in Apple Hospitality REIT by 9.5% during the fourth quarter. Xponance Inc. now owns 16,341 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 1,413 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in Apple Hospitality REIT by 14.6% during the third quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 1,490 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Performance

Shares of Apple Hospitality REIT stock opened at $13.21 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 50 day simple moving average of $14.70 and a 200 day simple moving average of $15.08. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $16.60. The firm has a market cap of $3.17 billion, a P/E ratio of 15.54 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $333.04 million during the quarter, compared to analysts’ expectations of $330.11 million. Sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a yield of 7.27%. Apple Hospitality REIT’s payout ratio is presently 109.09%.

Analysts Set New Price Targets

Several analysts have recently weighed in on APLE shares. Wells Fargo & Company decreased their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets began coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Apple Hospitality REIT currently has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Apple Hospitality REIT Company Profile

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.