TheStreet downgraded shares of Apple Hospitality REIT (NYSE:APLE) from a b rating to a c rating in a research report report published on Thursday morning.

Several other brokerages also recently weighed in on APLE. Zacks Investment Research raised Apple Hospitality REIT from a hold rating to a buy rating and set a $22.00 target price for the company in a research report on Friday, January 12th. KeyCorp assumed coverage on Apple Hospitality REIT in a research report on Friday, January 12th. They issued a sector weight rating for the company. Robert W. Baird reaffirmed a buy rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a research report on Friday, January 12th. Barclays assumed coverage on Apple Hospitality REIT in a research report on Wednesday, January 31st. They issued an equal weight rating and a $21.00 target price for the company. Finally, BidaskClub raised Apple Hospitality REIT from a sell rating to a hold rating in a research report on Friday, November 10th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Apple Hospitality REIT presently has a consensus rating of Hold and a consensus target price of $20.60.

Shares of Apple Hospitality REIT (NYSE:APLE) opened at $18.01 on Thursday. Apple Hospitality REIT has a 1 year low of $17.49 and a 1 year high of $20.62. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3,945.95, a PE ratio of 17.83, a PEG ratio of 2.00 and a beta of 0.55.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, February 2nd will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Thursday, February 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 118.81%.

Several large investors have recently added to or reduced their stakes in APLE. PGGM Investments acquired a new position in shares of Apple Hospitality REIT in the fourth quarter worth about $70,988,000. American Century Companies Inc. lifted its stake in shares of Apple Hospitality REIT by 342.0% in the fourth quarter. American Century Companies Inc. now owns 1,271,120 shares of the real estate investment trust’s stock worth $24,927,000 after acquiring an additional 983,516 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Apple Hospitality REIT by 283.1% in the fourth quarter. APG Asset Management N.V. now owns 1,140,900 shares of the real estate investment trust’s stock worth $18,632,000 after acquiring an additional 843,100 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Apple Hospitality REIT by 5,789.6% in the third quarter. Daiwa Securities Group Inc. now owns 830,431 shares of the real estate investment trust’s stock worth $15,704,000 after acquiring an additional 816,331 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Apple Hospitality REIT by 4.6% in the fourth quarter. BlackRock Inc. now owns 15,059,145 shares of the real estate investment trust’s stock worth $295,311,000 after acquiring an additional 656,597 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

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Apple Hospitality REIT Company Profile

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.

Analyst Recommendations for Apple Hospitality REIT (NYSE:APLE)

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