Apple Hospitality REIT, Inc. Declares Aug 25 Dividend of $0.08 (NYSE:APLE)

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) announced a aug 25 dividend on Tuesday, August 19th, RTT News reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.08 per share by the real estate investment trust on Monday, September 15th.

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 Stock Performance

APLE traded up $0.20 during trading on Tuesday, reaching $12.43. 624,622 shares of the company's stock were exchanged, compared to its average volume of 2,849,693. The company's fifty day simple moving average is $12.01 and its 200-day simple moving average is $12.59. The stock has a market capitalization of $2.95 billion, a P/E ratio of 16.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.78. Apple Hospitality REIT has a 1 year low of $10.44 and a 1 year high of $16.50.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $384.37 million for the quarter, compared to analyst estimates of $381.37 million. Apple Hospitality REIT had a return on equity of 5.58% and a net margin of 12.71%. As a group, research analysts predict that Apple Hospitality REIT will post 1.6 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.