Shares of Apple Hospitality REIT Inc (NYSE:APLE) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.00.
Several brokerages recently commented on APLE. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. B. Riley set a $20.00 price objective on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research report on Tuesday, November 6th.
In related news, Director Redd Hugh purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average price of $15.96 per share, with a total value of $63,840.00. Following the acquisition, the director now directly owns 86,154 shares in the company, valued at approximately $1,375,017.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Glade M. Knight purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $16.22 per share, for a total transaction of $81,100.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 19,624 shares of company stock worth $313,283. Insiders own 6.30% of the company’s stock.
APLE stock traded down $0.24 during trading on Monday, hitting $15.64. 2,109,289 shares of the stock traded hands, compared to its average volume of 1,553,764. Apple Hospitality REIT has a 1 year low of $15.47 and a 1 year high of $20.19. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68.
Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.21). Apple Hospitality REIT had a net margin of 13.42% and a return on equity of 4.77%. The firm had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $340.17 million. During the same period last year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Apple Hospitality REIT will post 1.7 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date of this dividend is Friday, November 30th. Apple Hospitality REIT’s payout ratio is presently 68.97%.
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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.
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