Apple Hospitality REIT Inc (NYSE:APLE) has earned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.75.
APLE has been the subject of several research reports. B. Riley set a $20.00 price target on shares of Apple Hospitality REIT and gave the stock a “hold” rating in a report on Friday, February 23rd. Robert W. Baird set a $20.00 price target on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a report on Monday, February 26th. Barclays restated an “equal weight” rating and set a $20.00 price target (down from $21.00) on shares of Apple Hospitality REIT in a report on Tuesday, February 27th. Zacks Investment Research cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, ValuEngine cut shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.
In other Apple Hospitality REIT news, insider Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction on Monday, May 14th. The stock was purchased at an average cost of $18.52 per share, for a total transaction of $92,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.30% of the company’s stock.
Shares of Apple Hospitality REIT traded up $0.13, hitting $18.70, during midday trading on Monday, according to Marketbeat Ratings. The stock had a trading volume of 13,496 shares, compared to its average volume of 1,404,039. Apple Hospitality REIT has a fifty-two week low of $16.72 and a fifty-two week high of $20.19. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 2.15 and a beta of 0.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.06 and a quick ratio of 0.06.
Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.21). The firm had revenue of $298.40 million during the quarter, compared to analyst estimates of $299.89 million. Apple Hospitality REIT had a return on equity of 5.38% and a net margin of 15.30%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. analysts anticipate that Apple Hospitality REIT will post 1.75 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, June 18th. Investors of record on Monday, June 4th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.42%. The ex-dividend date is Friday, June 1st. Apple Hospitality REIT’s dividend payout ratio is currently 68.97%.
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 portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.
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