Ffcm LLC boosted its position in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 98.7% during the 4th quarter, HoldingsChannel reports. The fund owned 66,773 shares of the real estate investment trust’s stock after buying an additional 33,160 shares during the quarter. Ffcm LLC’s holdings in Apple Hospitality REIT were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of APLE. Hsbc Holdings PLC increased its holdings in shares of Apple Hospitality REIT by 18.1% in the third quarter. Hsbc Holdings PLC now owns 40,140 shares of the real estate investment trust’s stock valued at $702,000 after purchasing an additional 6,149 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Apple Hospitality REIT by 4.3% in the third quarter. Great West Life Assurance Co. Can now owns 139,906 shares of the real estate investment trust’s stock valued at $2,446,000 after purchasing an additional 5,784 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Apple Hospitality REIT in the third quarter valued at $280,000. Dupont Capital Management Corp increased its holdings in shares of Apple Hospitality REIT by 50.3% in the third quarter. Dupont Capital Management Corp now owns 72,953 shares of the real estate investment trust’s stock valued at $1,276,000 after purchasing an additional 24,424 shares during the last quarter. Finally, Pensionfund Sabic acquired a new position in shares of Apple Hospitality REIT in the fourth quarter valued at $185,000. 55.07% of the stock is currently owned by hedge funds and other institutional investors.
Get Apple Hospitality REIT alerts:APLE stock opened at $16.58 on Tuesday. Apple Hospitality REIT Inc has a 52 week low of $13.81 and a 52 week high of $19.28. The stock has a market capitalization of $3.84 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.
The firm also recently declared a monthly dividend, which will be paid on Monday, March 18th. Investors of record on Tuesday, March 5th will be paid a $0.10 dividend. The ex-dividend date is Monday, March 4th. This represents a $1.20 annualized dividend and a dividend yield of 7.24%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 68.97%.
In other Apple Hospitality REIT news, insider Bryan Peery purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average cost of $15.50 per share, for a total transaction of $77,500.00. Following the completion of the purchase, the insider now owns 335,018 shares of the company’s stock, valued at approximately $5,192,779. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.30% of the company’s stock.
APLE has been the topic of several research reports. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. ValuEngine upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.75.
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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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.
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