Wall Street analysts expect Apple Hospitality REIT, Inc. (NYSE:APLE – Get Rating) to post earnings of $0.45 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Apple Hospitality REIT’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.38. Apple Hospitality REIT posted earnings per share of $0.30 in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Apple Hospitality REIT will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.31 to $1.68. For the next fiscal year, analysts anticipate that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.43 to $2.02. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Apple Hospitality REIT had a net margin of 8.04% and a return on equity of 2.65%. During the same period in the prior year, the firm posted $0.04 earnings per share.
In related news, Director Howard E. Woolley purchased 1,670 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were purchased at an average cost of $17.96 per share, with a total value of $29,993.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average cost of $16.22 per share, for a total transaction of $81,100.00. Following the completion of the acquisition, the chairman now directly owns 488,093 shares of the company’s stock, valued at $7,916,868.46. The disclosure for this purchase can be found here. Insiders purchased 7,312 shares of company stock worth $121,022 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in Apple Hospitality REIT by 3.0% in the 1st quarter. FMR LLC now owns 1,836,402 shares of the real estate investment trust’s stock valued at $29,933,000 after buying an additional 53,390 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Apple Hospitality REIT by 513.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 695,528 shares of the real estate investment trust’s stock valued at $11,336,000 after acquiring an additional 582,110 shares during the last quarter. Morgan Stanley lifted its holdings in Apple Hospitality REIT by 13.9% in the 2nd quarter. Morgan Stanley now owns 463,887 shares of the real estate investment trust’s stock valued at $7,079,000 after acquiring an additional 56,676 shares during the last quarter. Creative Planning acquired a new stake in Apple Hospitality REIT in the 3rd quarter valued at about $282,000. Finally, Allianz Asset Management GmbH acquired a new stake in Apple Hospitality REIT in the 3rd quarter valued at about $1,899,000. Institutional investors and hedge funds own 78.99% of the company’s stock.
NYSE:APLE opened at $16.92 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $17.21 and a two-hundred day moving average price of $16.72. Apple Hospitality REIT has a twelve month low of $13.83 and a twelve month high of $18.69. The company has a market capitalization of $3.87 billion, a P/E ratio of 45.73 and a beta of 1.06.
The business also recently declared a monthly dividend, which will be paid on Wednesday, June 15th. Investors of record on Thursday, June 2nd will be issued a $0.05 dividend. The ex-dividend date is Wednesday, June 1st. This represents a $0.60 annualized dividend and a yield of 3.55%. Apple Hospitality REIT’s dividend payout ratio is presently 162.16%.
Apple Hospitality REIT Company Profile (Get Rating)
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, 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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