Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Average Recommendation of “Hold” from Analysts

Apple Hospitality REIT, Inc. (NYSE:APLE) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.83.

Several analysts have issued reports on APLE shares. Wedbush started coverage on Apple Hospitality REIT in a research report on Monday, June 3rd. They set a “neutral” rating and a $15.00 target price on the stock. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $14.78 per share, for a total transaction of $73,900.00. Following the completion of the purchase, the chairman now directly owns 631,990 shares of the company’s stock, valued at $9,340,812.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of APLE. Principal Securities Inc. purchased a new position in shares of Apple Hospitality REIT in the 4th quarter valued at about $26,000. EdgeRock Capital LLC purchased a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at approximately $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Apple Hospitality REIT during the 1st quarter worth approximately $37,000. GAMMA Investing LLC acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth approximately $41,000. Finally, Fortis Group Advisors LLC lifted its position in shares of Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,493 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Apple Hospitality REIT Trading Up 0.6 %

APLE opened at $14.35 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $14.64 and its two-hundred day moving average is $15.77. The company has a market capitalization of $3.48 billion, a P/E ratio of 16.69 and a beta of 1.10. Apple Hospitality REIT has a 52 week low of $13.96 and a 52 week high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $329.51 million for the quarter, compared to analysts’ expectations of $324.68 million. Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. During the same quarter in the prior year, the business posted $0.34 EPS. Analysts forecast that Apple Hospitality REIT will post 1.4 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Friday, June 28th. Apple Hospitality REIT’s dividend payout ratio (DPR) is 111.63%.

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.