Zacks Investment Research upgraded shares of Apple Hospitality REIT (NYSE:APLE) from a sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Apple Hospitality REIT, Inc. is a real estate investment trust. Its portfolio consists of hotels, guest rooms and resorts. The company operates primarily in the United States. Apple Hospitality REIT, Inc. is headquarted in Richmond, VA. “

Several other brokerages also recently commented on APLE. ValuEngine upgraded Apple Hospitality REIT from a sell rating to a hold rating in a report on Friday, February 22nd. B. Riley reiterated a buy rating on shares of Apple Hospitality REIT in a report on Tuesday, February 26th. Barclays reiterated a hold rating and set a $18.00 price target on shares of Apple Hospitality REIT in a report on Sunday, February 10th. Finally, TheStreet downgraded Apple Hospitality REIT from a b- rating to a c+ rating in a report on Thursday, January 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Apple Hospitality REIT has an average rating of Hold and an average price target of $19.67.

Shares of APLE stock opened at $16.29 on Tuesday. Apple Hospitality REIT has a 12 month low of $13.81 and a 12 month high of $19.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 1.97 and a beta of 0.86.

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 7.37%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 69.77%.

In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of $16.54 per share, with a total value of $82,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daryl Arthur Nickel acquired 24,000 shares of Apple Hospitality REIT stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of $16.44 per share, with a total value of $394,560.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 30,000 shares of company stock worth $493,640. Corporate insiders own 6.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of Apple Hospitality REIT in the first quarter valued at approximately $876,000. Spirit of America Management Corp NY boosted its position in shares of Apple Hospitality REIT by 3.7% in the first quarter. Spirit of America Management Corp NY now owns 138,449 shares of the real estate investment trust’s stock valued at $2,256,000 after acquiring an additional 4,925 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Apple Hospitality REIT by 81.0% in the first quarter. Meeder Asset Management Inc. now owns 10,687 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 4,783 shares during the period. Cascade Investment Advisors Inc. lifted its position in Apple Hospitality REIT by 7.2% in the first quarter. Cascade Investment Advisors Inc. now owns 49,540 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 3,340 shares during the period. Finally, Truvestments Capital LLC bought a new position in Apple Hospitality REIT in the first quarter worth $296,000. 57.30% of the stock is owned by institutional investors.

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.

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