Signature Estate Investment Advisors Lowers stake in Apple Hospitality REIT Inc (APLE)

Apple Hospitality REIT Inc (APLE) : Signature Estate Investment Advisors reduced its stake in Apple Hospitality REIT Inc by 21.0% during the most recent quarter end. The investment management company now holds a total of 126,729 shares of Apple Hospitality REIT Inc which is valued at $2,548,520 after selling 33,682 shares in Apple Hospitality REIT Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Apple Hospitality REIT Inc makes up approximately 0.40% of Signature Estate Investment Advisors’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in APLE in the latest quarter, The investment management firm added 2,962 additional shares and now holds a total of 23,342 shares of Apple Hospitality REIT Inc which is valued at $469,408.Commonwealth Equity Services Inc boosted its stake in APLE in the latest quarter, The investment management firm added 1,733 additional shares and now holds a total of 23,540 shares of Apple Hospitality REIT Inc which is valued at $473,154.Sg Americas Securities boosted its stake in APLE in the latest quarter, The investment management firm added 25,166 additional shares and now holds a total of 50,478 shares of Apple Hospitality REIT Inc which is valued at $1,009,055. Apple Hospitality REIT Inc makes up approx 0.01% of Sg Americas Securities’s portfolio.Shinko Asset Management Ltd. reduced its stake in APLE by selling 1,979 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 7,702,577 shares of APLE which is valued at $156,824,468. Apple Hospitality REIT Inc makes up approx 1.06% of Shinko Asset Management Ltd.’s portfolio.Ibm Retirement Fund reduced its stake in APLE by selling 1,224 shares or 6.87% in the most recent quarter. The Hedge Fund company now holds 16,596 shares of APLE which is valued at $337,895. Apple Hospitality REIT Inc makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

Apple Hospitality REIT Inc closed down -0.02 points or -0.10% at $19.77 with 5,50,405 shares getting traded on Wednesday. Post opening the session at $19.79, the shares hit an intraday low of $19.56 and an intraday high of $19.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Apple Hospitality REIT Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.51. The company had revenue of $257.60 million for the quarter, compared to analysts expectations of $254.79 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Apple Hospitality REIT Inc. is a real estate investment trust (REIT). The Company owns portfolios of upscale select service hotels in the United States. The Company’s portfolio is diversified across the Hilton and Marriott families of brands with locations in urban suburban and developing markets. The Company operates approximately 177 hotels with approximately 22750 guestrooms under Courtyard by Marriott Fairfield Inn by Marriott Fairfield Inn & Suites by Marriott Marriott Hotels & Resorts Renaissance Hotels Residence Inn by Marriott SpringHill Suites by Marriott TownePlace Suites by Marriott Embassy Suites Hotels Hampton Inn Hampton Inn & Suites Hilton Hilton Garden Inn Home2 Suites by Hilton and Homewood Suites by Hilton brands. The Company operates approximately 90 Marriott-branded hotels and 83 Hilton-branded hotels.

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