Daiwa Securities Group Inc. Has $457,000 Position in Apple Hospitality REIT Inc (APLE)

Daiwa Securities Group Inc. trimmed its position in Apple Hospitality REIT Inc (NYSE:APLE) by 97.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,300 shares of the real estate investment trust’s stock after selling 807,131 shares during the period. Daiwa Securities Group Inc.’s holdings in Apple Hospitality REIT were worth $457,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in Apple Hospitality REIT by 12.1% during the 4th quarter. California Public Employees Retirement System now owns 486,330 shares of the real estate investment trust’s stock worth $9,537,000 after buying an additional 52,467 shares during the period. Alpha Omega Wealth Management LLC raised its holdings in Apple Hospitality REIT by 82.1% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 188,974 shares of the real estate investment trust’s stock worth $3,706,000 after buying an additional 85,189 shares during the period. Teacher Retirement System of Texas raised its holdings in Apple Hospitality REIT by 53.3% during the 4th quarter. Teacher Retirement System of Texas now owns 159,151 shares of the real estate investment trust’s stock worth $3,121,000 after buying an additional 55,336 shares during the period. American Century Companies Inc. raised its holdings in Apple Hospitality REIT by 342.0% during the 4th quarter. American Century Companies Inc. now owns 1,271,120 shares of the real estate investment trust’s stock worth $24,927,000 after buying an additional 983,516 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in Apple Hospitality REIT by 18,851.3% during the 4th quarter. Meeder Asset Management Inc. now owns 50,979 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 50,710 shares during the period. Institutional investors and hedge funds own 54.37% of the company’s stock.

Shares of Apple Hospitality REIT Inc (NYSE:APLE) opened at $18.37 on Monday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. Apple Hospitality REIT Inc has a fifty-two week low of $17.49 and a fifty-two week high of $20.53. The stock has a market cap of $4,097.63, a P/E ratio of 10.50, a PEG ratio of 2.08 and a beta of 0.55.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, February 2nd were issued a $0.10 dividend. The ex-dividend date was Thursday, February 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.53%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 118.81%.

Several brokerages have commented on APLE. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a report on Sunday, October 29th. TheStreet downgraded shares of Apple Hospitality REIT from a “b” rating to a “c” rating in a report on Thursday, February 8th. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Barclays began coverage on shares of Apple Hospitality REIT in a report on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 target price on the stock. Finally, B. Riley restated a “neutral” rating on shares of Apple Hospitality REIT in a report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.60.

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About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

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Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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