Positive News Coverage Somewhat Unlikely to Affect Apple Hospitality REIT (NYSE:APLE) Share Price

Press coverage about Apple Hospitality REIT (NYSE:APLE) has been trending positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Apple Hospitality REIT earned a news impact score of 0.28 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.9070159113912 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

• MAMA Cross Spotted in Apple Hospitality REIT Inc (APLE) Shares – Financial News Review (finnewsreview.com)
• KeyCorp (KEY) has a worth of $18.11 per share; Apple Hospitality REIT, Inc. (APLE) is stand at $18.47 – Stocks Gallery (stocksgallery.com)
• Tale of the Ticker: H-Source Holdings Ltd (HSI.V) Moves on Volume – Evergreen Caller (evergreencaller.com)
• Apple Hospitality REIT Inc (APLE) Tenkan-Sen Line Moves Below Kijun Sen – Evergreen Caller (evergreencaller.com)
• Should You Make Room For Apple Hospitality? – Seeking Alpha (seekingalpha.com)

Shares of Apple Hospitality REIT (NYSE APLE) traded up 0.44% during mid-day trading on Friday, hitting $18.18. The company had a trading volume of 595,600 shares. Apple Hospitality REIT has a one year low of $17.32 and a one year high of $20.68. The company has a market capitalization of $4.06 billion, a PE ratio of 25.57 and a beta of 0.60. The company’s 50-day moving average is $18.77 and its 200 day moving average is $19.15.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $292.90 million during the quarter, compared to the consensus estimate of $291.05 million. Apple Hospitality REIT had a return on equity of 4.38% and a net margin of 13.01%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. On average, equities research analysts forecast that Apple Hospitality REIT will post $0.97 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Thursday, August 3rd will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Tuesday, August 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 166.67%.

A number of brokerages have commented on APLE. BidaskClub lowered Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Wells Fargo & Company started coverage on Apple Hospitality REIT in a report on Wednesday, May 3rd. They issued a “market perform” rating on the stock. FBR & Co reissued a “hold” rating on shares of Apple Hospitality REIT in a report on Saturday, May 6th. Robert W. Baird reissued an “outperform” rating and set a $21.00 target price on shares of Apple Hospitality REIT in a report on Tuesday, July 4th. Finally, Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.40.

ILLEGAL ACTIVITY NOTICE: “[[title]]” was originally published by [[site]] and is the property of of [[site]]. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at [[permalink]].

In other news, insider Glade M. Knight purchased 3,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were acquired at an average cost of $18.51 per share, with a total value of $55,530.00. Following the completion of the acquisition, the insider now owns 10,015,957 shares of the company’s stock, valued at $185,395,364.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Glade M. Knight purchased 5,400 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was purchased at an average cost of $18.99 per share, for a total transaction of $102,546.00. Following the completion of the acquisition, the insider now directly owns 10,021,357 shares of the company’s stock, valued at approximately $190,305,569.43. The disclosure for this purchase can be found here. Insiders purchased 13,800 shares of company stock valued at $258,732 in the last three months. 6.40% of the stock is currently owned by insiders.

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.