BlackRock, Inc. Increases Stake in Apple Hospitality REIT, Inc.

BlackRock, Inc. has filed a Schedule 13G/A amendment with the SEC, disclosing an increased ownership of 15.8% in Apple Hospitality REIT, Inc. The filing indicates that BlackRock now beneficially owns 37,515,618 shares of the company's common stock, up from a previous holding. The shares are held through various business units of BlackRock, and the filing emphasizes that the securities were acquired and are held in the ordinary course of business, not for the purpose of influencing control of the issuer. The filing also notes that the interest of iShares Core S&P Small-Cap ETF in the common stock of Apple Hospitality REIT, Inc. exceeds five percent of the total outstanding common stock.