Apple Hospitality REIT (NYSE:APLE) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.22), Fidelity Earnings reports. The business had revenue of $289.97 million for the quarter, compared to analysts’ expectations of $288.45 million. Apple Hospitality REIT had a net margin of 13.57% and a return on equity of 5.16%.
NYSE:APLE opened at $13.40 on Thursday. Apple Hospitality REIT has a 12 month low of $13.40 and a 12 month high of $16.88. The firm has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $15.91. The company has a current ratio of 0.24, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.07 billion, a P/E ratio of 17.40 and a beta of 0.79.
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $1.20 annualized dividend and a dividend yield of 8.96%. Apple Hospitality REIT’s payout ratio is currently 73.62%.
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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.
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