Apple Hospitality REIT - APLE Stock Forecast, Price & News

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

4 equities research analysts have issued 1 year price objectives for Apple Hospitality REIT's shares. Their APLE share price forecasts range from $19.00 to $23.00. On average, they expect the company's stock price to reach $20.33 in the next year. This suggests a possible upside of 25.1% 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 $16.15 at the start of the year. Since then, APLE shares have increased by 0.6% and is now trading at $16.25.
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Apple Hospitality REIT is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our APLE earnings forecast.

Apple Hospitality REIT, Inc. (NYSE:APLE) released its quarterly earnings data on Thursday, August, 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.16. Apple Hospitality REIT had a net margin of 11.40% and a trailing twelve-month return on equity of 4.05%. During the same period last year, the company posted $0.30 earnings per share.

Apple Hospitality REIT declared a monthly dividend on Wednesday, July 20th. Stockholders of record on Tuesday, August 2nd will be given a dividend of $0.05 per share on Monday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, August 1st.
Read our dividend analysis for APLE.

Apple Hospitality REIT (NYSE:APLE) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.67%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 105.27%. 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 34.68% 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 number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (2.95%), Russell Investments Group Ltd. (1.63%), Peregrine Capital Management LLC (0.33%), Manning & Napier Group LLC (0.27%), Swiss National Bank (0.22%) and Sumitomo Mitsui Trust Holdings Inc. (0.17%). Insiders that own company stock include Elizabeth Perkins, Glade M Knight, Glade M Knight, Howard E Woolley, Jeanette Clarke, Jirka Rysavy, Justin G Knight, Kristian M Gathright, Kristian M Gathright, Matthew Rash, Rachel Labrecque and Redd Hugh.
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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 $16.25.

Apple Hospitality REIT (NYSE:APLE) has a market capitalization of $3.72 billion and generates $933.87 million in revenue each year. The real estate investment trust earns $18.83 million in net income (profit) each year or $0.57 on an earnings per share basis.

Apple Hospitality REIT employs 63 workers across the globe.

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.