News articles about Apple Hospitality REIT (NYSE:APLE) have been trending positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apple Hospitality REIT earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.2593998263125 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Apple Hospitality REIT, Inc. (APLE) stock jumped 0.42% versus to SMA-20 – The Stocks News (press release) (thestocksnews.com)
- Apple Hospitality REIT Named Top Dividend Stock With Insider Buying and 6.11% Yield (APLE) – Nasdaq (nasdaq.com)
- Apple Hospitality REIT (APLE) vs. RLJ Lodging Trust (RLJ) Financial Survey (americanbankingnews.com)
- Apple Hospitality REIT Announces January 2018 Distribution – Business Wire (press release) (businesswire.com)
APLE has been the topic of a number of research reports. BidaskClub raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird set a $20.00 price target on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research note on Sunday, October 29th. B. Riley reaffirmed a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, December 8th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.67.
Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The business had revenue of $324.90 million for the quarter, compared to analyst estimates of $324.66 million. During the same period last year, the company posted $0.49 EPS. The business’s revenue was up 17.5% on a year-over-year basis. sell-side analysts forecast that Apple Hospitality REIT will post 1.74 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date is Tuesday, January 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is 118.81%.
In other news, insider Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $19.18 per share, for a total transaction of $95,900.00. Following the acquisition, the insider now directly owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.30% 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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