Uniplan Investment Counsel Inc. Decreases Position in Apple Hospitality REIT Inc (APLE)

Uniplan Investment Counsel Inc. cut its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 351,214 shares of the real estate investment trust’s stock after selling 32,707 shares during the quarter. Uniplan Investment Counsel Inc. owned 0.15% of Apple Hospitality REIT worth $5,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in APLE. Prudential Financial Inc. grew its holdings in Apple Hospitality REIT by 90.4% during the 4th quarter. Prudential Financial Inc. now owns 4,761,216 shares of the real estate investment trust’s stock worth $67,895,000 after acquiring an additional 2,260,421 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in Apple Hospitality REIT by 84.6% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,716,208 shares of the real estate investment trust’s stock worth $38,733,000 after acquiring an additional 1,244,842 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Apple Hospitality REIT by 47.9% during the 3rd quarter. Renaissance Technologies LLC now owns 2,420,300 shares of the real estate investment trust’s stock worth $42,331,000 after acquiring an additional 783,900 shares during the last quarter. BlackRock Inc. grew its holdings in Apple Hospitality REIT by 3.5% during the 4th quarter. BlackRock Inc. now owns 16,491,789 shares of the real estate investment trust’s stock worth $235,172,000 after acquiring an additional 559,286 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Apple Hospitality REIT during the 3rd quarter worth approximately $8,563,000. 55.05% of the stock is currently owned by institutional investors.

NYSE:APLE opened at $16.45 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27. Apple Hospitality REIT Inc has a 52 week low of $13.81 and a 52 week high of $19.28. The firm has a market capitalization of $3.68 billion, a PE ratio of 9.56, a PEG ratio of 1.96 and a beta of 0.87.

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 18th. Stockholders of record on Tuesday, March 5th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend is Monday, March 4th.

In related news, insider Glade M. Knight bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $16.54 per share, for a total transaction of $82,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daryl Arthur Nickel bought 24,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of $16.44 per share, for a total transaction of $394,560.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 30,000 shares of company stock worth $493,640. Insiders own 6.30% of the company’s stock.

A number of equities research analysts have weighed in on APLE shares. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Wednesday, December 12th. ValuEngine raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. TheStreet lowered shares of Apple Hospitality REIT from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd. Barclays reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Apple Hospitality REIT in a research note on Sunday, February 10th. Finally, B. Riley reaffirmed a “buy” rating on shares of Apple Hospitality REIT in a research note on Tuesday, February 26th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Apple Hospitality REIT currently has a consensus rating of “Hold” and an average price target of $19.67.

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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.

Further Reading: Rule of 72

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

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