Apple Hospitality REIT (NYSE:APLE) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Apple Hospitality REIT (NYSE:APLE - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.12), Zacks reports. Apple Hospitality REIT had a return on equity of 5.54% and a net margin of 13.21%. The company had revenue of $329.51 million during the quarter, compared to the consensus estimate of $324.68 million. During the same period in the previous year, the company earned $0.34 EPS.

Apple Hospitality REIT Trading Down 1.1 %

APLE traded down $0.16 on Wednesday, hitting $14.70. 1,817,627 shares of the company were exchanged, compared to its average volume of 1,891,698. The firm has a fifty day simple moving average of $15.87 and a two-hundred day simple moving average of $16.21. Apple Hospitality REIT has a 12 month low of $14.22 and a 12 month high of $17.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $3.56 billion, a PE ratio of 17.09 and a beta of 1.10.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, April 29th. This represents a $0.96 annualized dividend and a yield of 6.53%. Apple Hospitality REIT's payout ratio is 111.63%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.40.

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.