Apple Hospitality REIT (APLE) to Release Quarterly Earnings on Thursday

Apple Hospitality REIT (NYSE:APLE - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.33 per share and revenue of $332.86 million for the quarter.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $333.04 million during the quarter, compared to analysts' expectations of $330.11 million. On average, analysts expect Apple Hospitality REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Apple Hospitality REIT Price Performance

APLE stock traded down $0.08 during trading hours on Tuesday, hitting $11.86. 2,188,614 shares of the stock traded hands, compared to its average volume of 2,222,881. The stock has a 50-day simple moving average of $12.89 and a 200 day simple moving average of $14.55. Apple Hospitality REIT has a one year low of $10.44 and a one year high of $16.50. The company has a market cap of $2.83 billion, a P/E ratio of 13.95 and a beta of 1.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 annualized dividend and a yield of 8.09%. Apple Hospitality REIT's dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

APLE has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.80.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc NYSE: APLE is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.