Apple Hospitality REIT - APLE Stock Forecast, Price & News

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 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states. Concentrated with industry-leading brands, the Company's portfolio consists of 104 Marriott-branded hotels, 126 Hilton-branded hotels, three Hyatt-branded hotels and two independent hotels.

Analyst Ratings Changes

A number of research analysts recently weighed in on APLE shares. B. Riley upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating in a report on Thursday. Barclays decreased their price target on shares of Apple Hospitality REIT from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, July 7th. Finally, Oppenheimer started coverage on shares of Apple Hospitality REIT in a research note on Thursday, April 21st. They issued an "outperform" rating and a $23.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.33.

Apple Hospitality REIT Stock Up 2.9 %

Shares of NYSE:APLE traded up $0.48 during trading on Friday, hitting $17.26. 1,573,828 shares of the company were exchanged, compared to its average volume of 1,950,844. The stock has a market capitalization of $3.95 billion, a P/E ratio of 30.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.96. Apple Hospitality REIT has a 12-month low of $14.11 and a 12-month high of $18.69. The firm's 50 day moving average price is $15.69 and its 200-day moving average price is $16.67.

Apple Hospitality REIT (NYSE:APLE - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.16). Apple Hospitality REIT had a return on equity of 4.05% and a net margin of 11.40%. During the same quarter in the previous year, the company posted $0.30 EPS. On average, research analysts predict that Apple Hospitality REIT will post 1.52 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 15th. Investors of record on Tuesday, August 2nd will be given a $0.05 dividend. The ex-dividend date is Monday, August 1st. This represents a $0.60 annualized dividend and a yield of 3.48%. Apple Hospitality REIT's dividend payout ratio (DPR) is 105.27%.

Insider Activity at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $16.21 per share, for a total transaction of $81,050.00. Following the transaction, the chairman now directly owns 493,093 shares in the company, valued at $7,993,037.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 12,955 shares of company stock worth $208,493 in the last 90 days. 6.80% of the stock is owned by insiders.