Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) announced a monthly dividend on Wednesday, August 19th. Shareholders of record on Monday, August 31st will be given a dividend of 0.08 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Monday, August 31st.
Apple Hospitality REIT has increased its dividend payment by an average of 0.3%per year over the last three years. Apple Hospitality REIT has a payout ratio of 124.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Up 0.7%
NYSE:APLE opened at $16.47 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $16.48 and its 200-day simple moving average is $14.21. Apple Hospitality REIT has a 12-month low of $10.85 and a 12-month high of $17.28. The firm has a market cap of $3.89 billion, a P/E ratio of 22.26, a PEG ratio of 3.13 and a beta of 0.88.
About Apple Hospitality REIT
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.
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