Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Consensus Recommendation of “Hold” from Analysts

Apple Hospitality REIT, Inc. (NYSE:APLE) has been given an average rating of “Hold” by the five ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.40.

Separately, StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday.

Apple Hospitality REIT Stock Down 1.1 %

NYSE APLE opened at $14.70 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.45. Apple Hospitality REIT has a 52 week low of $14.22 and a 52 week high of $17.90. The business’s fifty day simple moving average is $15.87 and its 200-day simple moving average is $16.21. The firm has a market cap of $3.56 billion, a PE ratio of 17.09 and a beta of 1.10.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Apple Hospitality REIT had a return on equity of 5.54% and a net margin of 13.21%. The firm had revenue of $329.51 million for the quarter, compared to analysts’ expectations of $324.68 million. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities analysts anticipate that Apple Hospitality REIT will post 1.65 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.08 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.96 annualized dividend and a dividend yield of 6.53%. Apple Hospitality REIT’s dividend payout ratio is currently 111.63%.

Institutional Trading of Apple Hospitality REIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APLE. Public Sector Pension Investment Board purchased a new position in shares of Apple Hospitality REIT in the third quarter valued at approximately $4,034,000. Vanguard Group Inc. boosted its holdings in Apple Hospitality REIT by 7.5% in the third quarter. Vanguard Group Inc. now owns 35,369,907 shares of the real estate investment trust’s stock valued at $542,574,000 after purchasing an additional 2,476,241 shares during the period. Knights of Columbus Asset Advisors LLC boosted its holdings in Apple Hospitality REIT by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 310,624 shares of the real estate investment trust’s stock valued at $5,159,000 after purchasing an additional 150,965 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Apple Hospitality REIT by 8.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 250,566 shares of the real estate investment trust’s stock worth $4,162,000 after purchasing an additional 19,309 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Apple Hospitality REIT by 17.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,375,459 shares of the real estate investment trust’s stock valued at $51,746,000 after purchasing an additional 502,472 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

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.