Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,566 shares of the real estate investment trust’s stock after purchasing an additional 3,147 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apple Hospitality REIT were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in APLE. The Manufacturers Life Insurance Company raised its stake in Apple Hospitality REIT by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 494 shares during the period. Parametrica Management Ltd bought a new stake in Apple Hospitality REIT in the 3rd quarter valued at about $204,000. Verition Fund Management LLC bought a new stake in Apple Hospitality REIT in the 2nd quarter valued at about $243,000. Virtu KCG Holdings LLC bought a new stake in Apple Hospitality REIT in the 2nd quarter valued at about $266,000. Finally, TIAA FSB bought a new stake in Apple Hospitality REIT in the 3rd quarter valued at about $282,000. Institutional investors own 53.86% of the company’s stock.
Apple Hospitality REIT Inc (NYSE:APLE) opened at $18.37 on Friday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $4,097.63, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.08 and a beta of 0.55. Apple Hospitality REIT Inc has a twelve month low of $17.49 and a twelve month high of $20.53.
A number of equities research analysts recently issued reports on APLE shares. TheStreet cut Apple Hospitality REIT from a “b” rating to a “c” rating in a research note on Thursday, February 8th. Barclays started coverage on Apple Hospitality REIT in a research note on Wednesday, January 31st. They issued an “equal weight” rating and a $21.00 price objective on the stock. BidaskClub cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, KeyCorp started coverage on Apple Hospitality REIT in a report on Friday, January 12th. They set a “sector weight” rating for the company. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.60.
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About Apple Hospitality REIT
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.
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