NYSE:APLE

Apple Hospitality REIT - APLE Stock Forecast, Price & News

$16.59

+0.16 (+0.97%)

(As of 08/10/2022 12:00 AM ET)

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Today's Range: $16.54
▼
$16.80
50-Day Range: $14.44
▼
$17.38
52-Week Range: $14.11
▼
$18.69

Volume: 1.23 million shs
Average Volume: 1.96 million shs
Market Capitalization: $3.80 billion

P/E Ratio: 29.11
Dividend Yield: 3.65%
Price Target: $20.33

Apple Hospitality REIT MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 22.6% Upside
$20.33 Price Target
Short Interest: Healthy
2.92% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.20
Upright™ Environmental Score
News Sentiment: -0.10
Based on 9 Articles This Week
Insider Trading: Acquiring Shares
$117,451 Bought Last Quarter
Proj. Earnings Growth: 13.82%
From $1.52 to $1.73 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Finance Sector

222nd out of 904 stocks

Real Estate Investment Trusts Industry

45th out of 196 stocks

2.3

Analyst's Opinion

Consensus Rating
Apple Hospitality REIT has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $20.33, Apple Hospitality REIT has a forecasted upside of 22.6% from its current price of $16.59.
Amount of Analyst Coverage
Apple Hospitality REIT has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.92% of the float of Apple Hospitality REIT has been sold short.
Short Interest Ratio / Days to Cover
Apple Hospitality REIT has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Apple Hospitality REIT has recently decreased by 0.81%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
Apple Hospitality REIT is a leading dividend payer. It pays a dividend yield of 3.65%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Apple Hospitality REIT has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Apple Hospitality REIT is 105.27%. 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 34.68% next year. This indicates that Apple Hospitality REIT will be able to sustain or increase its dividend.

2.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Apple Hospitality REIT has received a 9.68% net impact score from Upright. Apple Hospitality REIT seems to create the most significant positive value in categories "Taxes", "Jobs", and "Equality & human rights". The positive contribution in the "Equality & human rights" impact category is false driven by its "Real estate funds investing in hotels" product. See details.
Environmental Sustainability
The Environmental Impact score for Apple Hospitality REIT is -1.20.

2.2

News and Social Media Coverage

News Sentiment
Apple Hospitality REIT has a news sentiment score of -0.10. 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 lower news sentiment than the 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Apple Hospitality REIT this week, compared to 1 article on an average week.
Search Interest
12 people have searched for APLE on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
8 people have added Apple Hospitality REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

3.3

Company Ownership

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 $117,451.00 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
78.99% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Apple Hospitality REIT are expected to grow by 13.82% in the coming year, from $1.52 to $1.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple Hospitality REIT is 29.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple Hospitality REIT is 29.11, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 200.21.
Price to Book Value per Share Ratio
Apple Hospitality REIT has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Apple Hospitality REIT (NYSE:APLE) Stock

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 Price Performance

NYSE:APLE opened at $16.43 on Wednesday. The company has a 50 day simple moving average of $15.70 and a 200-day simple moving average of $16.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 28.83 and a beta of 1.11. 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 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 net margin of 11.40% and a return on equity of 4.05%. During the same quarter in the prior year, the business posted $0.30 EPS. Equities research analysts predict that Apple Hospitality REIT will post 1.52 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Investors of record on Tuesday, August 2nd will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Monday, August 1st. Apple Hospitality REIT's payout ratio is presently 105.27%.

Analysts Set New Price Targets

Several research analysts have weighed in on APLE shares. Oppenheimer started coverage on shares of Apple Hospitality REIT in a research note on Thursday, April 21st. They set an "outperform" rating and a $23.00 target price for the company. Barclays cut their target price 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, B. Riley raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and set a $19.00 price objective for the company in a research note on Thursday, June 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.33.

Insider Activity at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, May 16th. The shares were purchased at an average price of $16.22 per share, with a total value of $81,100.00. Following the completion of the transaction, the chairman now owns 488,093 shares in the company, valued at $7,916,868.46. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have acquired 7,342 shares of company stock valued at $117,451. 6.80% of the stock is currently owned by corporate insiders.

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APLE Stock News Headlines

August 9, 2022 | seekingalpha.com

Apple Hospitality: A Lodging REIT Poised For Dividend Growth

August 8, 2022 | americanbankingnews.com

Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Consensus Recommendation of "Hold" from Brokerages

August 5, 2022 | seekingalpha.com

Apple Hospitality REIT, Inc. (APLE) CEO Justin Knight on Q2 2022 Results - Earnings Call Transcript

August 5, 2022 | nasdaq.com

Apple Hospitality REIT (APLE) Q2 FFO and Revenues Beat Estimates

August 4, 2022 | finance.yahoo.com

Apple Hospitality REIT Reports Results of Operations for Second Quarter 2022

August 4, 2022 | finance.yahoo.com

What Type Of Shareholders Make Up Apple Hospitality REIT, Inc.'s (NYSE:APLE) Share Registry?

August 4, 2022 | finance.yahoo.com

Apple Hospitality REIT (APLE) Just Reclaimed the 200-Day Moving Average

August 2, 2022 | americanbankingnews.com

Apple Hospitality REIT (APLE) Scheduled to Post Quarterly Earnings on Thursday

July 27, 2022 | finance.yahoo.com

Apple Hospitality REIT Successfully Upsizes and Extends Primary Unsecured Credit Facility, Enhancing Balance Sheet Strength and Flexibility

July 27, 2022 | nasdaq.com

Investors in Apple Hospitality REIT (NYSE:APLE) have made a return of 5.7% over the past five years

July 21, 2022 | finance.yahoo.com

Is Apple Hospitality REIT (APLE) Stock Outpacing Its Finance Peers This Year?

July 20, 2022 | finance.yahoo.com

Apple Hospitality REIT Announces August 2022 Distribution

July 12, 2022 | finance.yahoo.com

Wall Street Analysts See a 35% Upside in Apple Hospitality REIT (APLE): Can the Stock Really Move This High?

June 30, 2022 | nasdaq.com

Top Buys by Top Brass: Executive Chairman Knight's $169.1K Bet on APLE

June 16, 2022 | finance.yahoo.com

Apple Hospitality REIT Recognizes Hotel Associates with 2021 Apple Awards

June 16, 2022 | seekingalpha.com

Apple Hospitality upgraded to Buy at B. Riley on attractive portfolio, balance sheet

June 15, 2022 | apnews.com

Apple Hospitality REIT Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

June 7, 2022 | finance.yahoo.com

These 2 Hospitality REITs Are Finally Priced To Buy

May 26, 2022 | finance.yahoo.com

Is the Options Market Predicting a Spike in Apple Hospitality (APLE) Stock?

May 25, 2022 | seekingalpha.com

Apple Hospitality: Tempted To Take A Bite

May 19, 2022 | finance.yahoo.com

Apple Hospitality REIT Announces June 2022 Distribution

May 12, 2022 | finance.yahoo.com

Is Apple Hospitality REIT (APLE) Outperforming Other Finance Stocks This Year?

May 6, 2022 | seekingalpha.com

Apple Hospitality REIT, Inc. (APLE) CEO Justin Knight on Q1 2022 Results - Earnings Call Transcript

May 5, 2022 | finance.yahoo.com

Apple Hospitality REIT (APLE) Q1 FFO and Revenues Surpass Estimates

May 5, 2022 | finance.yahoo.com

Apple Hospitality REIT Reports Results of Operations for First Quarter 2022

See More Headlines

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APLE Company Calendar

Ex-Dividend for 7/15 Dividend: 7/01/2022
Dividend Payable: 7/15/2022
Ex-Dividend for 8/15 Dividend: 8/01/2022
Last Earnings: 8/04/2022
Today: 8/10/2022
Dividend Payable: 8/15/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:APLE
CUSIP: N/A
CIK: 1418121
Web: www.applehospitalityreit.com
Phone: (804) 344-8121
Fax: 804-344-8129
Employees: 63
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.33
High Stock Price Forecast: $23.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +22.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.57
Trailing P/E Ratio: 29.11
Forward P/E Ratio: 10.91
P/E Growth: N/A
Net Income: $18.83 million
Net Margins: 11.40%
Pretax Margin: 11.46%
Return on Equity: 4.05%
Return on Assets: 2.69%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 0.96
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $933.87 million
Price / Sales: 4.07
Cash Flow: $0.90 per share
Price / Cash Flow: 18.38
Book Value: $13.78 per share
Price / Book: 1.20

Miscellaneous

Outstanding Shares: 228,878,000
Free Float: 213,314,000
Market Cap: $3.80 billion
Optionable: Optionable
Beta: 1.11

Key Executives

Mr. Glade M. Knight (Age 78)
Exec. Chairman
Mr. Justin G. Knight (Age 49)
CEO & Director
Comp: $2.46M
Ms. Elizabeth S. Perkins (Age 39)
Sr. VP & CFO
Comp: $1.07M
Ms. Karen Catherine Gallagher (Age 44)
Sr. VP & COO
Comp: $1.07M
Mr. Nelson G. Knight (Age 40)
Pres of Real Estate & Investments
Comp: $1.17M
Ms. Rachel S. Labrecque (Age 43)
Sr. VP & Chief Accounting Officer
Comp: $855.93k
Ms. Kristian M. Gathright CPA (Age 49)
Exec. Director
Comp: $65k
Ms. Kelly Campbell Clarke
VP of Investor Relations
Mr. Matthew P. Rash (Age 43)
Sr. VP, Chief Legal Officer & Sec.
Ms. Jeanette A. Clarke (Age 40)
Sr. VP & Chief Capital Investment Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

APLE Stock - Frequently Asked Questions

Should I buy or sell Apple Hospitality REIT stock right now?: 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.
What is Apple Hospitality REIT's stock price forecast for 2022?: 4 Wall Street analysts have issued 1 year target prices for Apple Hospitality REIT's shares. Their APLE share price forecasts range from $19.00 to $23.00. On average, they predict the company's stock price to reach $20.33 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price.
View analysts price targets for APLE or view top-rated stocks among Wall Street analysts.
How have APLE shares performed in 2022?: Apple Hospitality REIT's stock was trading at $16.15 at the beginning of 2022. Since then, APLE stock has increased by 3.2% and is now trading at $16.67.
View the best growth stocks for 2022 here.
When is Apple Hospitality REIT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our APLE earnings forecast.
How were Apple Hospitality REIT's earnings last quarter?: 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 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 quarter last year, the firm earned $0.30 EPS.
How often does Apple Hospitality REIT pay dividends? What is the dividend yield for Apple Hospitality REIT?: Apple Hospitality REIT declared a monthly dividend on Wednesday, July 20th. Shareholders 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 yield of 3.60%. The ex-dividend date is Monday, August 1st.
Read our dividend analysis for APLE.

Is Apple Hospitality REIT a good dividend stock?: Apple Hospitality REIT (NYSE:APLE) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.64%. 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.
What other stocks do shareholders of Apple Hospitality REIT own?: 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).
What is Apple Hospitality REIT's stock symbol?: Apple Hospitality REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "APLE."
Who are Apple Hospitality REIT's major shareholders?: Apple Hospitality REIT's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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, Justin G Knight, Kristian M Gathright, Kristian M Gathright, Matthew Rash, Rachel Labrecque and Redd Hugh.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Apple Hospitality REIT's stock price today?: One share of APLE stock can currently be purchased for approximately $16.67.
How much money does Apple Hospitality REIT make?: Apple Hospitality REIT (NYSE:APLE) has a market capitalization of $3.82 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.
How can I contact Apple Hospitality REIT?: 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.

This page (NYSE:APLE) was last updated on 8/10/2022 by MarketBeat.com Staff

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Apple Hospitality REIT - APLE Stock Forecast, Price & News

Apple Hospitality REIT MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Apple Hospitality REIT (NYSE:APLE) Stock

Apple Hospitality REIT Price Performance

Apple Hospitality REIT Announces Dividend

Analysts Set New Price Targets

Insider Activity at Apple Hospitality REIT

APLE Stock News Headlines

APLE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

APLE Stock - Frequently Asked Questions

Should I buy or sell Apple Hospitality REIT stock right now?

What is Apple Hospitality REIT's stock price forecast for 2022?

How have APLE shares performed in 2022?

When is Apple Hospitality REIT's next earnings date?

How were Apple Hospitality REIT's earnings last quarter?

How often does Apple Hospitality REIT pay dividends? What is the dividend yield for Apple Hospitality REIT?

Is Apple Hospitality REIT a good dividend stock?

What other stocks do shareholders of Apple Hospitality REIT own?

What is Apple Hospitality REIT's stock symbol?

Who are Apple Hospitality REIT's major shareholders?

How do I buy shares of Apple Hospitality REIT?

What is Apple Hospitality REIT's stock price today?

How much money does Apple Hospitality REIT make?

How can I contact Apple Hospitality REIT?

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