Apple Hospitality REIT, Inc. (NYSE:APLE) Receives $16.60 Consensus PT from Brokerages

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.60.

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Oppenheimer restated an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. BMO Capital Markets began coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $17.00 in a research note on Monday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quarry LP increased its holdings in Apple Hospitality REIT by 127.5% in the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,290 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Apple Hospitality REIT by 40.4% in the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 780 shares during the period. Covestor Ltd raised its holdings in shares of Apple Hospitality REIT by 30.0% during the third quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,831 shares during the last quarter. KBC Group NV lifted its position in Apple Hospitality REIT by 37.8% during the fourth quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,541 shares during the period. Finally, Entropy Technologies LP bought a new position in Apple Hospitality REIT during the fourth quarter valued at approximately $159,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Trading Up 0.8 %

Shares of APLE stock opened at $15.52 on Tuesday. Apple Hospitality REIT has a 1 year low of $13.60 and a 1 year high of $16.99. The company’s fifty day simple moving average is $15.55 and its two-hundred day simple moving average is $15.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 18.25 and a beta of 1.13.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same period in the previous year, the business earned $0.45 earnings per share. As a group, analysts anticipate that Apple Hospitality REIT will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.19%. The ex-dividend date is Friday, January 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 112.94%.

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.