Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have been given an average recommendation of “Hold” by the seven brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.9167.

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apple Hospitality REIT in a research report on Friday, December 26th. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a report on Tuesday, November 4th. Finally, Barclays assumed coverage on shares of Apple Hospitality REIT in a research note on Tuesday, January 6th. They set an “overweight” rating and a $14.00 target price for the company.

Insider Buying and Selling

In related news, Chairman Glade M. Knight bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were purchased at an average cost of $11.91 per share, with a total value of $59,550.00. Following the completion of the purchase, the chairman owned 710,344 shares in the company, valued at approximately $8,460,197.04. The trade was a 0.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 8,000 shares of company stock valued at $95,180 over the last 90 days. Insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Apple Hospitality REIT

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Apple Hospitality REIT by 295.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,814 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Apple Hospitality REIT by 12,230.0% during the second quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,446 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Apple Hospitality REIT by 444.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,793 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,280 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Apple Hospitality REIT by 1,375.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,640 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new position in Apple Hospitality REIT in the 3rd quarter worth approximately $34,000. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Up 1.2%

APLE opened at $11.78 on Tuesday. 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 52 week low of $10.44 and a 52 week high of $15.86. The stock has a market cap of $2.79 billion, a PE ratio of 16.13 and a beta of 0.84. The business has a 50 day moving average of $12.05 and a 200-day moving average of $12.06.

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

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 8.2%. Apple Hospitality REIT’s payout ratio is presently 131.51%.

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.