Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,086 shares of the real estate investment trust’s stock after purchasing an additional 6,591 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.05% of Apple Hospitality REIT worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Apple Hospitality REIT by 2.6% in the first quarter. Arizona State Retirement System now owns 62,968 shares of the real estate investment trust’s stock worth $977,000 after acquiring an additional 1,613 shares during the period. Summit Global Investments bought a new position in shares of Apple Hospitality REIT in the first quarter worth $329,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Apple Hospitality REIT by 14.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,409 shares of the real estate investment trust’s stock worth $503,000 after acquiring an additional 4,209 shares during the period. Meritage Portfolio Management boosted its holdings in shares of Apple Hospitality REIT by 99.9% in the fourth quarter. Meritage Portfolio Management now owns 284,452 shares of the real estate investment trust’s stock worth $4,489,000 after acquiring an additional 142,176 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Apple Hospitality REIT by 4.3% in the fourth quarter. LSV Asset Management now owns 2,907,443 shares of the real estate investment trust’s stock worth $45,879,000 after acquiring an additional 118,800 shares during the period. 80.63% of the stock is owned by institutional investors.
Apple Hospitality REIT Trading Down 1.1 %
NYSE APLE opened at $14.92 on Monday. The stock’s 50-day simple moving average is $15.17 and its two-hundred day simple moving average is $15.58. Apple Hospitality REIT, Inc. has a twelve month low of $13.66 and a twelve month high of $18.22. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 4.01 and a beta of 1.16.
Apple Hospitality REIT Announces Dividend
Wall Street Analysts Forecast Growth
APLE has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on Apple Hospitality REIT from $17.00 to $18.00 in a research report on Wednesday, July 12th. StockNews.com initiated coverage on Apple Hospitality REIT in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays increased their price objective on Apple Hospitality REIT from $19.00 to $20.00 in a research report on Wednesday, July 5th. B. Riley lowered their price objective on Apple Hospitality REIT from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Oppenheimer lowered their price objective on Apple Hospitality REIT from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Moderate Buy” and an average price target of $18.20.
View Our Latest Analysis on Apple Hospitality REIT
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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 220 hotels with approximately 29,000 guest rooms located in 87 markets throughout 37 states.
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