Apple Hospitality REIT, Inc. (NYSE:APLE) is set to announce its earnings results after the market closes on Monday, August 7th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Apple Hospitality REIT had a return on equity of 4.38% and a net margin of 13.01%. The business had revenue of $292.90 million during the quarter, compared to the consensus estimate of $291.05 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, analysts expect Apple Hospitality REIT to post $1.77 EPS for the current fiscal year and $1.81 EPS for the next fiscal year.
Apple Hospitality REIT, Inc. (APLE) opened at 18.35 on Monday. The company has a market capitalization of $4.09 billion, a P/E ratio of 25.81 and a beta of 0.61. The stock has a 50 day moving average of $18.80 and a 200-day moving average of $19.19. Apple Hospitality REIT, Inc. has a 52-week low of $17.32 and a 52-week high of $20.68.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Thursday, August 3rd will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Tuesday, August 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 166.67%.
Several brokerages have issued reports on APLE. BidaskClub lowered shares of Apple Hospitality REIT from a “sell” rating to a “strong sell” rating in a report on Friday. Robert W. Baird reissued an “outperform” rating and issued a $21.00 price target on shares of Apple Hospitality REIT in a report on Tuesday, July 4th. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Canaccord Genuity reissued a “hold” rating and issued a $20.00 price target on shares of Apple Hospitality REIT in a report on Monday, May 8th. Finally, FBR & Co reissued a “hold” rating on shares of Apple Hospitality REIT in a report on Saturday, May 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Apple Hospitality REIT currently has an average rating of “Hold” and an average price target of $19.40.
In other news, insider Glade M. Knight bought 5,400 shares of Apple Hospitality REIT stock in a transaction dated Thursday, May 25th. The shares were bought at an average price of $18.99 per share, for a total transaction of $102,546.00. Following the purchase, the insider now owns 10,021,357 shares of the company’s stock, valued at $190,305,569.43. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glade M. Knight bought 3,000 shares of Apple Hospitality REIT stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $18.51 per share, for a total transaction of $55,530.00. Following the purchase, the insider now directly owns 10,015,957 shares in the company, valued at approximately $185,395,364.07. The disclosure for this purchase can be found here. Insiders bought a total of 13,800 shares of company stock worth $258,732 in the last 90 days. 6.40% of the stock is owned by corporate insiders.
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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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