Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) has received a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.31.
A number of research analysts have recently commented on the company. Zacks Research cut Apple Hospitality REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Wells Fargo & Company upped their price objective on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Apple Hospitality REIT in a research report on Friday, August 21st. Barclays lifted their target price on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Apple Hospitality REIT from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st.
Get Our Latest Stock Analysis on Apple Hospitality REIT
Hedge Funds Weigh In On Apple Hospitality REIT
Several hedge funds have recently made changes to their positions in APLE. BOKF NA lifted its holdings in Apple Hospitality REIT by 3.6% during the 3rd quarter. BOKF NA now owns 20,073 shares of the real estate investment trust’s stock worth $324,000 after purchasing an additional 690 shares in the last quarter. Palouse Capital Management Inc. boosted its stake in Apple Hospitality REIT by 21.1% in the 2nd quarter. Palouse Capital Management Inc. now owns 4,304 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 750 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Apple Hospitality REIT by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 240,111 shares of the real estate investment trust’s stock valued at $2,764,000 after buying an additional 1,068 shares in the last quarter. GAMMA Investing LLC grew its holdings in Apple Hospitality REIT by 15.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,552 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 1,548 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Apple Hospitality REIT by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 54,066 shares of the real estate investment trust’s stock valued at $622,000 after buying an additional 1,568 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
Apple Hospitality REIT Stock Up 1.0%
Apple Hospitality REIT stock opened at $18.83 on Thursday. The firm has a 50 day moving average price of $16.64 and a 200-day moving average price of $14.74. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. Apple Hospitality REIT has a twelve month low of $11.03 and a twelve month high of $18.98. The company has a market capitalization of $4.45 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.12 and a beta of 0.93.
Apple Hospitality REIT (NYSE:APLE – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Apple Hospitality REIT had a net margin of 12.17% and a return on equity of 5.56%. The company had revenue of $402.55 million for the quarter, compared to analysts’ expectations of $391.88 million. As a group, equities analysts predict that Apple Hospitality REIT will post 1.63 EPS for the current year.
Apple Hospitality REIT Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, October 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.1%. Apple Hospitality REIT’s dividend payout ratio is currently 129.73%.
Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc is a self-administered and self-managed real estate investment trust that owns a portfolio of upscale, select-service hotels across the United States. The company’s properties primarily operate under well-known hospitality brands affiliated with Marriott International, Hilton Worldwide Holdings and Hyatt Hotels Corporation.
Apple Hospitality’s hotels provide lodging and related guest services, including accommodations, meeting facilities, food and beverage offerings, and other amenities.
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