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.

Apple Hospitality REIT Stock Up 0.1 %

Shares of APLE opened at $17.26 on Wednesday. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 0.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 0.96. The business's fifty day moving average price is $15.68 and its two-hundred day moving average price is $16.70. Apple Hospitality REIT has a 52 week low of $14.11 and a 52 week high of $18.69.

Apple Hospitality REIT (NYSE:APLE - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.16). Apple Hospitality REIT had a net margin of 11.40% and a return on equity of 4.05%. During the same period last year, the company posted $0.30 earnings per share. On average, analysts predict that Apple Hospitality REIT will post 1.55 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APLE shares. TheStreet raised Apple Hospitality REIT from a "c" rating to a "b-" rating in a report on Thursday, August 11th. Oppenheimer started coverage on Apple Hospitality REIT in a report on Thursday, April 21st. They issued an "outperform" rating and a $23.00 target price for the company. Barclays dropped their target price on Apple Hospitality REIT from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, July 7th. Finally, B. Riley raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.33.

Insider Activity

In related news, Chairman Glade M. Knight purchased 5,000 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were bought at an average price of $16.21 per share, with a total value of $81,050.00. Following the purchase, the chairman now directly owns 493,093 shares in the company, valued at approximately $7,993,037.53. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 7,955 shares of company stock valued at $127,393 in the last 90 days. 6.80% of the stock is owned by company insiders.