Analysts expect Apple Hospitality REIT Inc (NYSE:APLE) to report sales of $288.13 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Apple Hospitality REIT’s earnings. The lowest sales estimate is $285.94 million and the highest is $290.06 million. Apple Hospitality REIT reported sales of $282.43 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The business is expected to announce its next earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Apple Hospitality REIT will report full year sales of $288.13 million for the current year. For the next fiscal year, analysts forecast that the firm will post sales of $1.27 billion per share, with estimates ranging from $1.26 billion to $1.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share.
In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $19.18 per share, with a total value of $95,900.00. Following the purchase, the insider now owns 10,046,357 shares in the company, valued at $192,689,127.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. US Bancorp DE boosted its holdings in Apple Hospitality REIT by 132.3% in the 4th quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 3,120 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Apple Hospitality REIT by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares in the last quarter. Parametrica Management Ltd acquired a new stake in Apple Hospitality REIT during the 3rd quarter worth approximately $204,000. Advisor Group Inc. lifted its holdings in Apple Hospitality REIT by 18.2% during the 2nd quarter. Advisor Group Inc. now owns 11,040 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,698 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Apple Hospitality REIT by 67.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 4,468 shares during the last quarter. Institutional investors own 53.28% of the company’s stock.
Shares of Apple Hospitality REIT (NYSE APLE) opened at $18.11 on Thursday. The company has a market cap of $4,088.71, a PE ratio of 10.47, a PEG ratio of 2.07 and a beta of 0.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05. Apple Hospitality REIT has a one year low of $17.49 and a one year high of $20.63.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, February 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.20 annualized dividend and a yield of 6.63%. Apple Hospitality REIT’s dividend payout ratio is presently 118.81%.
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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