Apple Hospitality REIT (APLE) Expected to Announce Earnings on Thursday

Apple Hospitality REIT (NYSE:APLE) is anticipated to announce its Q1 2025 earnings results after the market closes on Thursday, May 1st. Analysts expect Apple Hospitality REIT to post earnings of $0.33 per share and revenue of $332.86 million for the quarter.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $333.04 million during the quarter, compared to analyst estimates of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, analysts expect Apple Hospitality REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Apple Hospitality REIT Price Performance

NYSE:APLE opened at $11.77 on Thursday. The business’s 50-day moving average is $13.17 and its 200 day moving average is $14.64. Apple Hospitality REIT has a 12 month low of $10.44 and a 12 month high of $16.50. The company has a market capitalization of $2.81 billion, a P/E ratio of 13.85 and a beta of 1.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT’s payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APLE. Wells Fargo & Company cut their target price on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.80.

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, 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.