Brown Advisory Inc. Has $263,000 Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Posted by Defense World Staff on Feb 25th, 2023

Brown Advisory Inc. lowered its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE – Get Rating) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,729 shares of the real estate investment trust’s stock after selling 2,930 shares during the quarter. Brown Advisory Inc.’s holdings in Apple Hospitality REIT were worth $263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Apple Hospitality REIT in the first quarter worth $25,000. Lazard Asset Management LLC bought a new stake in shares of Apple Hospitality REIT during the second quarter worth $29,000. Ronald Blue Trust Inc. raised its position in shares of Apple Hospitality REIT by 145.0% during the third quarter. Ronald Blue Trust Inc. now owns 2,528 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,496 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of Apple Hospitality REIT by 309.1% during the second quarter. Pinebridge Investments L.P. now owns 2,864 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 2,164 shares during the last quarter. Finally, CWM LLC raised its position in shares of Apple Hospitality REIT by 7,602.3% during the third quarter. CWM LLC now owns 3,312 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 3,269 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Apple Hospitality REIT Trading Down 1.4 %

NYSE APLE opened at $16.68 on Friday. The stock has a 50-day simple moving average of $16.69 and a 200 day simple moving average of $16.29. The company has a market capitalization of $3.81 billion, a PE ratio of 26.06, a P/E/G ratio of 0.38 and a beta of 1.18. The company has a current ratio of 0.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. Apple Hospitality REIT, Inc. has a 12 month low of $13.79 and a 12 month high of $18.69.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be issued a $0.08 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.96 dividend on an annualized basis and a yield of 5.76%. Apple Hospitality REIT’s dividend payout ratio is presently 150.00%.

Wall Street Analysts Forecast Growth

APLE has been the subject of a number of recent research reports. StockNews.com downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company boosted their target price on Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.75.

Apple Hospitality REIT Company Profile

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Apple Hospitality REIT, Inc is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands.