Community Bank of Raymore Has $181,000 Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Community Bank of Raymore cut its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 5.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,800 shares of the real estate investment trust’s stock after selling 700 shares during the quarter. Community Bank of Raymore’s holdings in Apple Hospitality REIT were worth $181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Masterton Capital Management LP bought a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth $3,378,000. Dimensional Fund Advisors LP lifted its holdings in shares of Apple Hospitality REIT by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after acquiring an additional 154,159 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple Hospitality REIT by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock valued at $66,187,000 after purchasing an additional 182,917 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Apple Hospitality REIT during the 3rd quarter valued at approximately $1,067,000. Finally, Barclays PLC increased its position in Apple Hospitality REIT by 118.8% during the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock worth $6,273,000 after purchasing an additional 229,293 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets began coverage on Apple Hospitality REIT in a report on Monday, December 9th. They issued an “outperform” rating and a $18.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Price Performance

Shares of NYSE:APLE opened at $15.05 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $16.99. The firm has a market cap of $3.61 billion, a PE ratio of 17.70 and a beta of 1.13. The firm’s fifty day moving average is $15.60 and its 200-day moving average is $14.99.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $378.84 million for the quarter, compared to analyst estimates of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same period in the previous year, the firm posted $0.45 earnings per share. Sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend was Tuesday, December 31st. Apple Hospitality REIT’s dividend payout ratio is presently 112.94%.

Apple Hospitality REIT Company Profile

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 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.