Apple Hospitality REIT (APLE) to Release Quarterly Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Apple Hospitality REIT had a return on equity of 6.11% and a net margin of 14.58%. The business had revenue of $329.51 million during the quarter, compared to the consensus estimate of $324.68 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, analysts expect Apple Hospitality REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Apple Hospitality REIT Trading Down 0.9 %

APLE stock opened at $14.48 on Friday. Apple Hospitality REIT has a 1-year low of $13.95 and a 1-year high of $17.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 16.84 and a beta of 1.11. The business has a 50 day simple moving average of $14.54 and a two-hundred day simple moving average of $15.37.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.96 annualized dividend and a yield of 6.63%. Apple Hospitality REIT’s payout ratio is 111.63%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APLE. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Wedbush began coverage on Apple Hospitality REIT in a research note on Monday, June 3rd. They issued a “neutral” rating and a $15.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.40.

Insider Activity at Apple Hospitality REIT

In related news, Chairman Glade M. Knight purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $14.78 per share, for a total transaction of $73,900.00. Following the acquisition, the chairman now owns 631,990 shares of the company’s stock, valued at approximately $9,340,812.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is currently owned by insiders.

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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.