Wedbush Predicts Weaker Earnings for Apple Hospitality REIT

Apple Hospitality REIT, Inc. (NYSE:APLE) – Equities research analysts at Wedbush decreased their FY2025 earnings estimates for shares of Apple Hospitality REIT in a research note issued on Tuesday, March 4th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $1.58 per share for the year, down from their previous estimate of $1.64. The consensus estimate for Apple Hospitality REIT’s current full-year earnings is $1.60 per share. Wedbush also issued estimates for Apple Hospitality REIT’s FY2026 earnings at $1.66 EPS.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $333.04 million for the quarter, compared to analyst estimates of $330.11 million.

Other analysts have also issued research reports about the stock. Oppenheimer reiterated an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They issued an “outperform” rating and a $18.00 target price on the stock. Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.80.

Apple Hospitality REIT Price Performance

Shares of NYSE:APLE opened at $14.54 on Wednesday. Apple Hospitality REIT has a twelve month low of $13.60 and a twelve month high of $16.99. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.49 billion, a PE ratio of 17.11 and a beta of 1.13. The company’s 50 day moving average is $15.13 and its 200 day moving average is $15.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning lifted its holdings in Apple Hospitality REIT by 14.1% during the third quarter. Creative Planning now owns 29,059 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 3,580 shares in the last quarter. abrdn plc lifted its stake in Apple Hospitality REIT by 14.5% in the 3rd quarter. abrdn plc now owns 48,286 shares of the real estate investment trust’s stock valued at $717,000 after buying an additional 6,107 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Apple Hospitality REIT by 6.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 921 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Apple Hospitality REIT by 3.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 154,245 shares of the real estate investment trust’s stock worth $2,291,000 after buying an additional 5,515 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Apple Hospitality REIT by 12.3% during the third quarter. Van ECK Associates Corp now owns 39,179 shares of the real estate investment trust’s stock valued at $576,000 after acquiring an additional 4,300 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Friday, February 28th. Apple Hospitality REIT’s payout ratio is currently 109.09%.

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.