Apple Hospitality REIT (APLE) to Release Quarterly Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) will be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect Apple Hospitality REIT to post earnings of $0.45 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Apple Hospitality REIT had a return on equity of 6.30% and a net margin of 14.91%. The business had revenue of $390.08 million during the quarter, compared to analyst estimates of $388.82 million. During the same period in the previous year, the business posted $0.49 earnings per share. On average, analysts expect Apple Hospitality REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Apple Hospitality REIT Trading Down 0.3 %

NYSE APLE opened at $14.89 on Monday. The company has a market cap of $3.61 billion, a P/E ratio of 17.31 and a beta of 1.12. Apple Hospitality REIT has a 12 month low of $13.60 and a 12 month high of $17.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average of $14.67 and a 200-day moving average of $14.64.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.45%. The ex-dividend date is Thursday, October 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 111.63%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Apple Hospitality REIT in a report on Friday, October 4th. Wells Fargo & Company lowered their price target on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.25.

Insiders Place Their Bets

In related news, Chairman Glade M. Knight purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $14.04 per share, for a total transaction of $70,200.00. Following the acquisition, the chairman now directly owns 636,990 shares in the company, valued at $8,943,339.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.

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.