Apple Hospitality REIT, Inc. to Issue Monthly Dividend of $0.08 (NYSE:APLE)

Apple Hospitality REIT, Inc. (NYSE:APLE) declared a monthly dividend on Tuesday, January 20th. Shareholders of record on Friday, January 30th will be given a dividend of 0.08 per share by the real estate investment trust on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Friday, January 30th.

Apple Hospitality REIT has decreased its dividend by an average of 0.0%per year over the last three years. Apple Hospitality REIT has a payout ratio of 124.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Apple Hospitality REIT to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 59.3%.

Apple Hospitality REIT Trading Down 1.5%

Shares of NYSE APLE traded down $0.19 during midday trading on Tuesday, reaching $12.20. The company had a trading volume of 1,600,501 shares, compared to its average volume of 1,866,780. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT has a one year low of $10.44 and a one year high of $16.01. The firm’s fifty day moving average price is $11.98 and its 200-day moving average price is $12.07. The stock has a market cap of $2.89 billion, a PE ratio of 16.71 and a beta of 0.85.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $373.88 million during the quarter, compared to analyst estimates of $371.94 million. Apple Hospitality REIT had a return on equity of 5.46% and a net margin of 12.37%. On average, equities research analysts anticipate that Apple Hospitality REIT will post 1.6 earnings per share for the current year.

Insider Activity at Apple Hospitality REIT

In related news, Chairman Glade M. Knight bought 5,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were acquired at an average cost of $11.91 per share, for a total transaction of $59,550.00. Following the purchase, the chairman directly owned 710,344 shares of the company’s stock, valued at approximately $8,460,197.04. The trade was a 0.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have bought 8,000 shares of company stock worth $95,180. 7.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Apple Hospitality REIT

A number of large investors have recently bought and sold shares of APLE. Signaturefd LLC lifted its holdings in Apple Hospitality REIT by 14.9% in the second quarter. Signaturefd LLC now owns 7,058 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 913 shares during the period. Private Advisor Group LLC increased its stake in Apple Hospitality REIT by 7.9% in the third quarter. Private Advisor Group LLC now owns 13,883 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,022 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Apple Hospitality REIT by 1.4% during the second quarter. MML Investors Services LLC now owns 80,287 shares of the real estate investment trust’s stock worth $937,000 after purchasing an additional 1,100 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Apple Hospitality REIT by 3.4% during the second quarter. Teacher Retirement System of Texas now owns 34,474 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 1,143 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Apple Hospitality REIT by 22.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,440 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 1,202 shares during the period. Institutional investors own 89.66% of the company’s stock.

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.