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

Apple Hospitality REIT (NYSE:APLE) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $330.11 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Apple Hospitality REIT Price Performance

Shares of NYSE APLE opened at $14.79 on Friday. The business’s 50 day moving average price is $15.29 and its 200 day moving average price is $15.11. The firm has a market cap of $3.55 billion, a P/E ratio of 17.39 and a beta of 1.13. Apple Hospitality REIT has a 52 week low of $13.60 and a 52 week high of $16.99. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.08 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.49%. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

Wall Street Analyst Weigh In

APLE has been the topic of a number of recent research reports. Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.00 to $17.00 in a research report on Monday, January 27th. 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. Oppenheimer restated an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.

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.