Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 68,550 shares of the real estate investment trust’s stock, valued at approximately $978,000.

A number of other large investors also recently modified their holdings of APLE. Dupont Capital Management Corp increased its stake in Apple Hospitality REIT by 50.3% in the 3rd quarter. Dupont Capital Management Corp now owns 72,953 shares of the real estate investment trust’s stock valued at $1,276,000 after buying an additional 24,424 shares during the period. Commonwealth Equity Services LLC increased its stake in Apple Hospitality REIT by 42.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 35,036 shares of the real estate investment trust’s stock valued at $612,000 after buying an additional 10,380 shares during the period. Systematic Financial Management LP increased its stake in shares of Apple Hospitality REIT by 210.5% during the 3rd quarter. Systematic Financial Management LP now owns 233,372 shares of the real estate investment trust’s stock worth $4,082,000 after purchasing an additional 158,217 shares during the last quarter. LSV Asset Management increased its stake in shares of Apple Hospitality REIT by 26.0% during the 3rd quarter. LSV Asset Management now owns 1,235,700 shares of the real estate investment trust’s stock worth $21,612,000 after purchasing an additional 255,000 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Apple Hospitality REIT by 76.4% during the 3rd quarter. SG Americas Securities LLC now owns 99,414 shares of the real estate investment trust’s stock worth $1,739,000 after purchasing an additional 43,042 shares during the last quarter. Institutional investors and hedge funds own 55.05% of the company’s stock.

In other news, Director Daryl Arthur Nickel bought 24,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $16.44 per share, for a total transaction of $394,560.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Glade M. Knight bought 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of $16.54 per share, for a total transaction of $82,700.00. The disclosure for this purchase can be found here. Insiders purchased a total of 30,000 shares of company stock worth $493,640 over the last quarter. 6.30% of the stock is currently owned by company insiders.

NYSE:APLE opened at $16.45 on Friday. Apple Hospitality REIT Inc has a 1 year low of $13.81 and a 1 year high of $19.28. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.68 billion, a P/E ratio of 9.56, a PEG ratio of 1.96 and a beta of 0.87.

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

Several research analysts have recently commented on APLE shares. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, TheStreet lowered shares of Apple Hospitality REIT from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.67.

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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, 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.

Read More: Systematic Risk

Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT Inc (NYSE:APLE).

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

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