Shares of Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.00.
A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Wedbush started coverage on Apple Hospitality REIT in a research report on Monday, June 3rd. They issued a “neutral” rating and a $15.00 price target for the company. Finally, Oppenheimer decreased their price objective on shares of Apple Hospitality REIT from $19.00 to $17.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th.
Check Out Our Latest Stock Report on APLE
Insider Buying and Selling
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in APLE. Principal Securities Inc. acquired a new position in Apple Hospitality REIT in the fourth quarter valued at $26,000. EdgeRock Capital LLC acquired a new position in shares of Apple Hospitality REIT during the 4th quarter valued at about $27,000. YHB Investment Advisors Inc. purchased a new position in shares of Apple Hospitality REIT during the 1st quarter worth about $37,000. Quarry LP boosted its position in shares of Apple Hospitality REIT by 127.5% in the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,290 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Apple Hospitality REIT in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.
Apple Hospitality REIT Price Performance
Apple Hospitality REIT stock opened at $14.51 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 0.79. Apple Hospitality REIT has a one year low of $13.60 and a one year high of $17.90. The company has a market cap of $3.52 billion, a P/E ratio of 16.87 and a beta of 1.11. The business has a fifty day moving average of $14.45 and a two-hundred day moving average of $15.14.
Apple Hospitality REIT (NYSE:APLE – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Apple Hospitality REIT had a return on equity of 6.11% and a net margin of 14.58%. The company had revenue of $390.08 million for the quarter, compared to analysts’ expectations of $388.82 million. During the same period in the prior year, the firm posted $0.49 EPS. As a group, analysts predict that Apple Hospitality REIT will post 1.4 earnings per share for the current fiscal year.
Apple Hospitality REIT Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 6.62%. Apple Hospitality REIT’s dividend payout ratio is currently 111.63%.
About Apple Hospitality REIT
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.
Featured Stories
- Five stocks we like better than Apple Hospitality REIT
- Investing in Travel Stocks Benefits
- Lumen: Among Top Performers Last Month, Still Has Warning Signs
- Using the MarketBeat Dividend Yield Calculator
- Baidu’s Strong Quarter Proves a Smart Pick for Michael Burry
- What is the Australian Securities Exchange (ASX)
- Intuit Beats Q4 Earnings: AI, Dividends, and a Growth Strategy
Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.