Analysts expect Apple Hospitality REIT Inc (NYSE:APLE) to announce $0.52 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Apple Hospitality REIT’s earnings, with estimates ranging from $0.51 to $0.53. Apple Hospitality REIT also reported earnings of $0.52 per share during the same quarter last year. The firm is expected to issue its next earnings results after the market closes on Monday, August 7th.
On average, analysts expect that Apple Hospitality REIT will report full-year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.75 to $1.78. For the next fiscal year, analysts forecast that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.78 to $1.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $292.90 million for the quarter, compared to analyst estimates of $291.05 million. Apple Hospitality REIT had a net margin of 11.73% and a return on equity of 3.94%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share.
A number of research firms have recently weighed in on APLE. BidaskClub downgraded shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Wells Fargo & Company began coverage on shares of Apple Hospitality REIT in a research report on Wednesday, May 3rd. They issued a “market perform” rating on the stock. FBR & Co reaffirmed a “hold” rating on shares of Apple Hospitality REIT in a research report on Saturday, May 6th. Robert W. Baird reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a research report on Thursday, April 6th. Finally, Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $19.40.
In other news, insider Justin G. Knight acquired 5,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were bought at an average cost of $18.64 per share, with a total value of $100,656.00. Following the transaction, the insider now owns 1,005,274 shares of the company’s stock, valued at approximately $18,738,307.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glade M. Knight purchased 3,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were bought at an average cost of $18.51 per share, for a total transaction of $55,530.00. Following the acquisition, the insider now owns 10,015,957 shares in the company, valued at $185,395,364.07. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,800 shares of company stock worth $258,732 over the last three months. 6.40% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC bought a new stake in shares of Apple Hospitality REIT during the first quarter worth about $125,000. RMR Advisors LLC bought a new stake in shares of Apple Hospitality REIT during the first quarter worth about $191,000. Bruderman Asset Management LLC increased its stake in shares of Apple Hospitality REIT by 3.7% in the first quarter. Bruderman Asset Management LLC now owns 10,361 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 372 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Apple Hospitality REIT during the first quarter worth about $208,000. Finally, SG Americas Securities LLC increased its stake in shares of Apple Hospitality REIT by 28.6% in the first quarter. SG Americas Securities LLC now owns 11,300 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 2,514 shares during the last quarter. 47.80% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Apple Hospitality REIT (APLE) traded down 0.05% on Wednesday, hitting $18.60. 769,712 shares of the stock were exchanged. The company has a 50-day moving average price of $18.92 and a 200 day moving average price of $19.28. The company has a market cap of $4.15 billion, a PE ratio of 26.16 and a beta of 0.61. Apple Hospitality REIT has a 12 month low of $17.32 and a 12 month high of $20.68.
The company also recently disclosed a monthly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.45%. The ex-dividend date was Thursday, June 29th. Apple Hospitality REIT’s dividend payout ratio (DPR) is 166.67%.
Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.
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