157,508 Apple Hospitality REIT, Inc. $APLE Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC decreased its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 62.4% in the third quarter, HoldingsChannel reports. The firm owned 95,046 shares of the real estate investment trust’s stock after selling 157,508 shares during the quarter. Isthmus Partners LLC’s holdings in Apple Hospitality REIT were worth $1,536,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Apple Hospitality REIT by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,254,332 shares of the real estate investment trust’s stock worth $37,458,000 after purchasing an additional 56,555 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Apple Hospitality REIT during the second quarter valued at approximately $26,774,000. Bank of America Corp DE boosted its stake in Apple Hospitality REIT by 6.0% during the first quarter. Bank of America Corp DE now owns 2,049,081 shares of the real estate investment trust’s stock valued at $23,585,000 after buying an additional 115,575 shares during the last quarter. Rush Island Management LP bought a new position in Apple Hospitality REIT during the first quarter valued at approximately $17,143,000. Finally, Principal Financial Group Inc. grew its holdings in Apple Hospitality REIT by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,069,472 shares of the real estate investment trust’s stock valued at $12,310,000 after buying an additional 20,691 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Stock Performance

Shares of NYSE:APLE opened at $18.21 on Friday. Apple Hospitality REIT, Inc. has a 52 week low of $10.85 and a 52 week high of $18.30. The stock has a market capitalization of $4.30 billion, a P/E ratio of 24.60, a PEG ratio of 3.56 and a beta of 0.92. The firm has a fifty day simple moving average of $16.22 and a two-hundred day simple moving average of $15.54. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.51.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $402.55 million for the quarter, compared to the consensus estimate of $391.88 million. Apple Hospitality REIT had a net margin of 12.17% and a return on equity of 5.56%. On average, analysts expect that Apple Hospitality REIT, Inc. will post 1.60 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, October 30th. Apple Hospitality REIT’s payout ratio is presently 129.73%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APLE shares. Weiss Ratings upgraded Apple Hospitality REIT from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Compass Point raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.50 to $18.50 in a report on Friday, August 7th. Barclays upped their price objective on Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Bank of America increased their target price on Apple Hospitality REIT from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company raised their target price on shares of Apple Hospitality REIT from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.19.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a self-administered and self-managed real estate investment trust that owns a portfolio of upscale, select-service hotels across the United States. The company’s properties primarily operate under well-known hospitality brands affiliated with Marriott International, Hilton Worldwide Holdings and Hyatt Hotels Corporation.

Apple Hospitality’s hotels provide lodging and related guest services, including accommodations, meeting facilities, food and beverage offerings, and other amenities.