#2 - Apple Hospitality REIT (NYSE:APLE)
Apple Hospitality REIT (NYSE: APLE) - Current dividend yield: 7.33% - Another REIT that’s worth a closer look is the Apple Hospitality REIT. As its name implies, this trust focuses on the hotel industry and is one of the industry’s largest owners of select-service and extended-stay hotels. However, its holdings are made up of only two hotel chains: Hilton and Marriott and it is in the top five of Hilton and Marriott owners in the United States. The REIT, which has a market cap of $3.66 billion, focuses its 241 acquisitions on business travelers in 34 states with particular attention paid to markets such as Los Angeles, San Diego, Atlanta, Dallas, and Nashville. Since 2015, the year APLE became publicly traded, it has generated a steady monthly dividend that is easily covered by a healthy fund from operations (FPO) that was at 89 cents for the first half of 2018. The stock is up over 13% for the 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.
Read More - Current Price
- $14.80
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $18.40 (24.3% Upside)
