Apple Hospitality REIT (APLE) Stock Price, News & Analysis

Company Overview

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. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 99 Marriott-branded hotels, 119 Hilton-branded hotels and five Hyatt-branded hotels.

Key Stats

• Today's Range: $14.87 to $15.02
• 50-Day Range: $13.84 to $15.35
• 52-Week Range: $13.60 to $17.90
• Volume: 1.72 million shs
• Average Volume: 2.08 million shs
• Market Capitalization: $3.61 billion
• P/E Ratio: 16.91
• Dividend Yield: 6.45%
• Price Target: $16.25
• Consensus Rating: Hold

Apple Hospitality REIT Stock Analysis - MarketRank™

Apple Hospitality REIT scored higher than 79% of companies evaluated by MarketBeat, and ranked 330th out of 894 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Apple Hospitality REIT has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Apple Hospitality REIT has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.48%

Earnings Growth

Earnings for Apple Hospitality REIT are expected to grow by 2.48% in the coming year, from $1.61 to $1.65 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Apple Hospitality REIT is 16.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Apple Hospitality REIT is 16.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.26.

Price to Book Value per Share Ratio

Apple Hospitality REIT has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.91% of the outstanding shares of Apple Hospitality REIT have been sold short.

Short Interest Ratio / Days to Cover

Apple Hospitality REIT has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Apple Hospitality REIT has recently decreased by 0.58%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Apple Hospitality REIT is a leading dividend payer. It pays a dividend yield of 6.30%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Apple Hospitality REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Apple Hospitality REIT is 111.63%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Apple Hospitality REIT will have a dividend payout ratio of 58.18% next year. This indicates that Apple Hospitality REIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -1.20

Percentage of Shares Shorted

4.91% of the outstanding shares of Apple Hospitality REIT have been sold short.

Short Interest Ratio / Days to Cover

Apple Hospitality REIT has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Apple Hospitality REIT has recently decreased by 0.58%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.80

News Sentiment

Apple Hospitality REIT has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Apple Hospitality REIT this week, compared to 4 articles on an average week.

Search Interest

Only 18 people have searched for APLE on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

MarketBeat Follows

6 people have added Apple Hospitality REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Apple Hospitality REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought $84,300.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 6.80% of the stock of Apple Hospitality REIT is held by insiders.

Percentage Held by Institutions

89.66% of the stock of Apple Hospitality REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

APLE Stock Analysis - Frequently Asked Questions

How have APLE shares performed this year?

Apple Hospitality REIT's stock was trading at $16.61 at the start of the year. Since then, APLE stock has decreased by 10.4% and is now trading at $14.8850.
View the best growth stocks for 2024 here.

How were Apple Hospitality REIT's earnings last quarter?

Apple Hospitality REIT, Inc. (NYSE:APLE) posted its quarterly earnings data on Monday, August, 5th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by $0.13. The real estate investment trust earned $390.08 million during the quarter, compared to analyst estimates of $388.82 million. Apple Hospitality REIT had a net margin of 14.91% and a trailing twelve-month return on equity of 6.30%.

Who are Apple Hospitality REIT's major shareholders?

Apple Hospitality REIT's top institutional investors include Sound Income Strategies LLC (0.34%), Inlet Private Wealth LLC (0.09%), Handelsbanken Fonder AB (0.03%) and Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Justin G Knight, Glade M Knight, Elizabeth Perkins, Matthew Rash, Rachel Labrecque, Redd Hugh, Howard E Woolley and Kristian M Gathright.
View institutional ownership trends.

How do I buy shares of Apple Hospitality REIT?

Shares of APLE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Apple Hospitality REIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Apple Hospitality REIT investors own include AT&T (T), Meta Platforms (META), NVIDIA (NVDA), Realty Income (O), Tesla (TSLA), Exxon Mobil (XOM) and Verizon Communications (VZ).

Company Calendar

• Last Earnings: 8/05/2024
• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 10/22/2024
• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Next Earnings (Confirmed): 11/04/2024
• Dividend Payable: 11/15/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:APLE
• CUSIP: N/A
• CIK: 1418121
• Web: www.applehospitalityreit.com
• Phone: (804) 344-8121
• Fax: 804-344-8129
• Employees: 60
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.25
• High Stock Price Target: $18.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +8.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.86
• Trailing P/E Ratio: 16.97
• Forward P/E Ratio: 9.27
• P/E Growth: N/A
• Net Income: $177.49 million
• Net Margins: 14.91%
• Pretax Margin: 14.98%
• Return on Equity: 6.30%
• Return on Assets: 4.19%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 0.75
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $1.39 billion
• Price / Sales: 2.60
• Cash Flow: $1.56 per share
• Price / Cash Flow: 9.58
• Book Value: $14.53 per share
• Price / Book: 1.03

Miscellaneous

• Outstanding Shares: 242,346,000
• Free Float: 225,866,000
• Market Cap: $3.62 billion
• Optionable: Optionable
• Beta: 1.12