Wall Street brokerages expect Apple Hospitality REIT Inc (NYSE:APLE) to announce $0.36 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Apple Hospitality REIT’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.35. Apple Hospitality REIT reported earnings of $0.19 per share during the same quarter last year, which would indicate a positive year over year growth rate of 89.5%. The firm is expected to announce its next quarterly earnings report on Monday, February 26th.
According to Zacks, analysts expect that Apple Hospitality REIT will report full-year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.72 to $1.75. For the next year, analysts expect that the firm will report earnings of $1.76 per share, with EPS estimates ranging from $1.73 to $1.79. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $324.90 million for the quarter, compared to analyst estimates of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. Apple Hospitality REIT’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share.
Apple Hospitality REIT (NYSE APLE) traded down $0.02 during midday trading on Thursday, hitting $19.36. The stock had a trading volume of 1,051,602 shares, compared to its average volume of 948,562. The firm has a market capitalization of $4,318.46, a price-to-earnings ratio of 11.06, a P/E/G ratio of 2.23 and a beta of 0.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05. Apple Hospitality REIT has a 52 week low of $17.49 and a 52 week high of $20.68.
The company also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.20%. Apple Hospitality REIT’s payout ratio is presently 118.81%.
In other news, insider Glade M. Knight acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the completion of the acquisition, the insider now owns 10,046,357 shares in the company, valued at $192,689,127.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in shares of Apple Hospitality REIT during the second quarter worth about $102,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Apple Hospitality REIT by 26.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 1,393 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Apple Hospitality REIT by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares in the last quarter. IMS Capital Management bought a new position in shares of Apple Hospitality REIT during the second quarter worth about $140,000. Finally, Ffcm LLC grew its holdings in shares of Apple Hospitality REIT by 353.1% during the second quarter. Ffcm LLC now owns 8,374 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 6,526 shares in the last quarter. Institutional investors and hedge funds own 50.87% of the company’s stock.
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About Apple Hospitality REIT
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of October 23, 2017, the Company owned 238 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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