Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.50.

APLE has been the topic of several recent analyst reports. Wells Fargo & Company upgraded Apple Hospitality REIT to a "hold" rating in a report on Friday, October 3rd. Robert W. Baird reduced their price objective on Apple Hospitality REIT from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. Cantor Fitzgerald started coverage on Apple Hospitality REIT in a report on Wednesday, October 1st. They set an "overweight" rating and a $14.00 price objective on the stock. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Apple Hospitality REIT in a report on Wednesday, October 8th.

Apple Hospitality REIT Trading Up 0.2%

Shares of APLE stock opened at $11.68 on Friday. Apple Hospitality REIT has a 1 year low of $10.44 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.78. The stock's 50 day simple moving average is $12.25 and its two-hundred day simple moving average is $12.01. The company has a market cap of $2.77 billion, a PE ratio of 15.58 and a beta of 1.02.

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

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be issued a $0.08 dividend. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. Apple Hospitality REIT's dividend payout ratio (DPR) is currently 128.00%.

Insider Activity

In related news, Chairman Glade M. Knight purchased 5,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $12.29 per share, for a total transaction of $61,450.00. Following the acquisition, the chairman owned 705,344 shares of the company's stock, valued at $8,668,677.76. The trade was a 0.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.10% of the company's stock.

Institutional Trading of Apple Hospitality REIT

A number of institutional investors have recently made changes to their positions in APLE. Hantz Financial Services Inc. boosted its position in shares of Apple Hospitality REIT by 12,230.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 2,446 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Apple Hospitality REIT by 295.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 1,814 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Apple Hospitality REIT by 444.4% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,793 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 2,280 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Apple Hospitality REIT by 1,375.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 2,640 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Apple Hospitality REIT by 97.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,792 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,872 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company's stock.

Apple Hospitality REIT Company Profile

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.

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