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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)
Add
Compare
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
-0.10mentions of Apple Hospitality REIT in the last 14 days
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

APLE stock logo

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

These 2 Hospitality REITs Are Finally Priced To Buy
Apple Hospitality: Tempted To Take A Bite
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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

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
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

Net Income
$18.83 million
Pretax Margin
11.46%

Debt

Sales & Book Value

Annual Sales
$933.87 million
Cash Flow
$0.90 per share
Book Value
$13.78 per share

Miscellaneous

Free Float
213,314,000
Market Cap
$3.80 billion
Optionable
Optionable
Beta
1.11














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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