Apple Hospitality REIT (APLE) Set to Announce Quarterly Earnings on Thursday

Apple Hospitality REIT (NYSE:APLEGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Shares of APLE stock opened at $18.28 on Thursday. The business’s 50 day simple moving average is $17.70 and its 200 day simple moving average is $16.66. Apple Hospitality REIT has a one year low of $13.83 and a one year high of $18.69. The stock has a market capitalization of $4.18 billion, a PE ratio of 228.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.03 and a quick ratio of 0.03.

The firm also recently declared a monthly dividend, which will be paid on Monday, May 16th. Shareholders of record on Tuesday, May 3rd will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 3.28%. The ex-dividend date is Monday, May 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 750.00%.

In other news, Director Howard E. Woolley bought 1,670 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average price of $17.96 per share, with a total value of $29,993.20. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.80% of the company’s stock.

Several large investors have recently modified their holdings of APLE. Squarepoint Ops LLC bought a new position in shares of Apple Hospitality REIT in the 4th quarter worth $168,000. Penserra Capital Management LLC boosted its stake in shares of Apple Hospitality REIT by 85.2% in the 4th quarter. Penserra Capital Management LLC now owns 13,287 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 6,112 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Apple Hospitality REIT by 9.9% in the 4th quarter. Cetera Investment Advisers now owns 16,503 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 1,487 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Apple Hospitality REIT in the 3rd quarter valued at $330,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of Apple Hospitality REIT by 3.7% in the 4th quarter. Vident Investment Advisory LLC now owns 45,305 shares of the real estate investment trust’s stock valued at $731,000 after purchasing an additional 1,611 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on APLE shares. Zacks Investment Research raised Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, April 12th. Oppenheimer started coverage on Apple Hospitality REIT in a research report on Thursday, April 21st. They set an “outperform” rating and a $23.00 target price on the stock. StockNews.com started coverage on Apple Hospitality REIT in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays upped their target price on Apple Hospitality REIT from $19.00 to $21.00 in a research report on Tuesday, March 1st. Finally, TheStreet lowered Apple Hospitality REIT from a “b-” rating to a “c” rating in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Apple Hospitality REIT has an average rating of “Hold” and an average price target of $19.75.

About Apple Hospitality REIT (Get Rating)

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (ÂREITÂ) 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 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.

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Earnings History for Apple Hospitality REIT (NYSE:APLE)

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