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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apple Hospitality REIT in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" APLE shares.
View APLE analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 12 month price objectives for Apple Hospitality REIT's shares. Their APLE share price forecasts range from $17.00 to $20.00. On average, they anticipate the company's stock price to reach $18.20 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
View analysts price targets for APLE or view top-rated stocks among Wall Street analysts.

Apple Hospitality REIT's stock was trading at $15.78 at the beginning of the year. Since then, APLE shares have decreased by 2.2% and is now trading at $15.4250.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our APLE earnings forecast.

Apple Hospitality REIT will be holding an earnings conference call on Wednesday, November 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13740906".

Apple Hospitality REIT, Inc. (NYSE:APLE) issued its quarterly earnings data on Thursday, August, 4th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.16. Apple Hospitality REIT had a net margin of 12.16% and a trailing twelve-month return on equity of 5.01%. During the same period in the prior year, the firm posted $0.30 EPS.

Apple Hospitality REIT announced a monthly dividend on Tuesday, September 19th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.08 per share on Monday, October 16th. This represents a $0.96 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for APLE.

ETFs with the largest weight of Apple Hospitality REIT (NYSE:APLE) stock in their portfolio include AdvisorShares Hotel ETF (BEDZ), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Harbor Corporate Culture Small Cap ETF (HAPS), Hoya Capital High Dividend Yield ETF (RIET) and Cambria Global Real Estate ETF (BLDG).

Apple Hospitality REIT (NYSE:APLE) pays an annual dividend of $0.96 per share and currently has a dividend yield of 6.08%. APLE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 137.14%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, APLE will have a dividend payout ratio of 57.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for APLE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Apple Hospitality REIT investors own include AT&T (T), Realty Income (O), Altria Group (MO), Johnson & Johnson (JNJ), Bank of America (BAC), Coca-Cola (KO), Exxon Mobil (XOM), Verizon Communications (VZ), AbbVie (ABBV) and Main Street Capital (MAIN).

Apple Hospitality REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "APLE."

Apple Hospitality REIT's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.65%), State Street Corp (4.68%), JPMorgan Chase & Co. (2.77%), Principal Financial Group Inc. (2.56%), Victory Capital Management Inc. (2.31%) and Nuveen Asset Management LLC (2.12%). Insiders that own company stock include Elizabeth Perkins, Glade M Knight, Glade M Knight, Howard E Woolley, Jeanette Clarke, Justin G Knight, Kristian M Gathright, Kristian M Gathright, Matthew Rash, Rachel Labrecque and Redd Hugh.
View institutional ownership trends.

Shares of APLE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APLE stock can currently be purchased for approximately $15.43.

Apple Hospitality REIT (NYSE:APLE) has a market capitalization of $3.53 billion and generates $1.24 billion in revenue each year. The real estate investment trust earns $144.80 million in net income (profit) each year or $0.70 on an earnings per share basis.

Apple Hospitality REIT's mailing address is 814 East Main Street, RICHMOND VA, 23219. The official website for the company is www.applehospitalityreit.com. The real estate investment trust can be reached via phone at (804) 344-8121, via email at investors@matadorresources.com, or via fax at 804-344-8129.