Apple Hospitality REIT (APLE) Scheduled to Post Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Apple Hospitality REIT Stock Performance

APLE opened at $15.00 on Monday. The company’s 50 day moving average is $16.07 and its 200 day moving average is $16.27. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 19.23 and a beta of 1.08. Apple Hospitality REIT has a 12-month low of $14.22 and a 12-month high of $17.90.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 annualized dividend and a yield of 6.40%. Apple Hospitality REIT’s payout ratio is presently 123.08%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $19.00 to $18.00 in a research note on Monday, January 8th. StockNews.com downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.40.

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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.