Apple Hospitality REIT, Inc. (NYSE:APLE) Receives $12.75 Consensus PT from Analysts

Apple Hospitality REIT, Inc. (NYSE:APLE) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.7857.

A number of research analysts have issued reports on APLE shares. LADENBURG THALM/SH SH initiated coverage on shares of Apple Hospitality REIT in a research report on Thursday. They set a “neutral” rating and a $13.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $14.00 price target on shares of Apple Hospitality REIT in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Friday, December 26th. Barclays began coverage on Apple Hospitality REIT in a research report on Tuesday, January 6th. They set an “overweight” rating and a $14.00 price target on the stock. Finally, Wells Fargo & Company lowered their price objective on Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC grew its stake in Apple Hospitality REIT by 19.6% during the fourth quarter. Hsbc Holdings PLC now owns 374,968 shares of the real estate investment trust’s stock worth $4,443,000 after buying an additional 61,354 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Apple Hospitality REIT by 36.4% in the 4th quarter. Corient Private Wealth LLC now owns 18,495 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 4,937 shares in the last quarter. DGS Capital Management LLC bought a new stake in shares of Apple Hospitality REIT during the 4th quarter worth approximately $217,000. Pacer Advisors Inc. acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter worth approximately $11,498,000. Finally, Virtu Financial LLC bought a new position in Apple Hospitality REIT in the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Down 3.4%

Shares of Apple Hospitality REIT stock opened at $11.50 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a 50-day moving average of $12.08 and a 200-day moving average of $11.97. Apple Hospitality REIT has a 52-week low of $10.44 and a 52-week high of $13.27. The stock has a market cap of $2.71 billion, a PE ratio of 15.53 and a beta of 0.81.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.16). Apple Hospitality REIT had a return on equity of 5.50% and a net margin of 12.42%.The business had revenue of $326.44 million for the quarter, compared to the consensus estimate of $322.60 million. As a group, sell-side analysts forecast that Apple Hospitality REIT will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.08 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 129.73%.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.