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NYSE:APLE

Apple Hospitality REIT - APLE Stock Forecast, Price & News

$16.96
-0.39 (-2.25%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.78
$17.29
50-Day Range
$14.44
$17.35
52-Week Range
$14.16
$18.69
Volume
1.56 million shs
Average Volume
1.93 million shs
Market Capitalization
$3.88 billion
P/E Ratio
29.75
Dividend Yield
3.46%
Price Target
$20.33

Apple Hospitality REIT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.9% Upside
$20.33 Price Target
Short Interest
Healthy
2.92% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.20
Upright™ Environmental Score
News Sentiment
0.75mentions of Apple Hospitality REIT in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$127,393 Bought Last Quarter
Proj. Earnings Growth
13.55%
From $1.55 to $1.76 Per Share

Overall MarketRank

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

2.77 out of 5 stars

Finance Sector

150th out of 896 stocks

Real Estate Investment Trusts Industry

27th out of 194 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 Stock Performance

Apple Hospitality REIT stock traded down $0.39 during mid-day trading on Friday, reaching $16.96. 1,556,236 shares of the company were exchanged, compared to its average volume of 1,931,353. The firm has a market cap of $3.88 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 0.44 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 firm's 50-day simple moving average is $15.70 and its two-hundred day simple moving average is $16.71. Apple Hospitality REIT has a twelve month low of $14.16 and a twelve month high of $18.69.

Apple Hospitality REIT (NYSE:APLE - Get Rating) last 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 return on equity of 4.05%. During the same period in the previous year, the company earned $0.30 earnings per share. Equities analysts predict that Apple Hospitality REIT will post 1.55 earnings per share for the current fiscal year.

Apple Hospitality REIT Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, September 2nd will be issued a $0.07 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.84 dividend on an annualized basis and a yield of 4.95%. This is a boost from Apple Hospitality REIT's previous monthly dividend of $0.05. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 105.27%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays lowered 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 report on Thursday, July 7th. B. Riley raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating in a report on Thursday, August 11th. TheStreet raised Apple Hospitality REIT from a "c" rating to a "b-" rating in a research report on Thursday, August 11th. Finally, Oppenheimer began coverage on Apple Hospitality REIT in a research note on Thursday, April 21st. They issued an "outperform" rating and a $23.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.33.

Insider Activity at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were acquired at an average price of $16.21 per share, with a total value of $81,050.00. Following the purchase, the chairman now owns 493,093 shares in the company, valued at approximately $7,993,037.53. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have bought 7,955 shares of company stock worth $127,393. 6.80% of the stock is owned by insiders.

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APLE Stock News Headlines

Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast 
He predicted the 2020 crash a month before it happened… He predicted this year’s collapse back in January… And now, he’s issuing a brand-new warning – along with a unique solution. Details here. pixel
Apple Hospitality REIT (NYSE:APLE) Upgraded at TheStreet
Most profitable less than $5 stock in the world?
This virtually unknown stock trades under a secret name, brings in more cash than IBM, Facebook and Tesla, and trades for just under $5. Find out why in this "leaked" footage from a former Wall Street money manager. pixel
These 2 Hospitality REITs Are Finally Priced To Buy
Apple Hospitality: Tempted To Take A Bite
See More Headlines
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APLE Company Calendar

Ex-Dividend for 8/15 Dividend
8/01/2022
Last Earnings
8/04/2022
Dividend Payable
8/15/2022
Today
8/19/2022
Ex-Dividend for 9/15 Dividend
9/01/2022
Dividend Payable
9/15/2022
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
+19.9%
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
$0.88 per share
Book Value
$14.08 per share

Miscellaneous

Free Float
213,314,000
Market Cap
$3.88 billion
Optionable
Optionable
Beta
1.11

Key Executives

  • Mr. Glade M. KnightMr. Glade M. Knight (Age 78)
    Exec. Chairman
  • Mr. Justin G. KnightMr. Justin G. Knight (Age 49)
    CEO & Director
    Comp: $2.46M
  • Ms. Elizabeth S. PerkinsMs. 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. LabrecqueMs. Rachel S. Labrecque (Age 43)
    Sr. VP & Chief Accounting Officer
    Comp: $855.93k
  • Ms. Kristian M. Gathright CPAMs. Kristian M. Gathright CPA (Age 49)
    Exec. Director
    Comp: $65k
  • Ms. Kelly Campbell Clarke
    VP of Investor Relations
  • Mr. Matthew P. RashMr. Matthew P. Rash (Age 43)
    Sr. VP, Chief Legal Officer & Sec.
  • Ms. Jeanette A. ClarkeMs. Jeanette A. Clarke (Age 40)
    Sr. VP & Chief Capital Investment Officer













APLE Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apple Hospitality REIT in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price objectives for Apple Hospitality REIT's stock. Their APLE share price forecasts range from $19.00 to $23.00. On average, they predict the company's share price to reach $20.33 in the next year. This suggests a possible upside of 19.9% 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 start of the year. Since then, APLE shares have increased by 5.0% and is now trading at $16.96.
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) announced its earnings results 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 trailing twelve-month 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.

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

Apple Hospitality REIT announced a monthly dividend on Thursday, August 18th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.07 per share on Thursday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Thursday, September 1st. This is a boost from the stock's previous monthly dividend of $0.05.
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 3.46%. 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 34.09% 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 variety of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (6.97%), State Street Corp (4.56%), Victory Capital Management Inc. (2.95%), JPMorgan Chase & Co. (2.64%), Principal Financial Group Inc. (2.52%) and Deutsche Bank AG (1.77%). 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 $16.96.

How much money does Apple Hospitality REIT make?

Apple Hospitality REIT (NYSE:APLE) has a market capitalization of $3.88 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 8/19/2022 by MarketBeat.com Staff

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