Apple Hospitality REIT - APLE Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apple Hospitality REIT in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" APLE shares.
View APLE analyst ratings or view top-rated stocks.

4 brokers have issued 1-year target prices for Apple Hospitality REIT's shares. Their APLE share price forecasts range from $17.00 to $23.00. On average, they expect the company's share price to reach $19.50 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for APLE or view top-rated stocks among Wall Street analysts.

Apple Hospitality REIT's stock was trading at $16.15 at the beginning of 2022. Since then, APLE stock has increased by 4.1% and is now trading at $16.81.
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Apple Hospitality REIT saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,790,000 shares, a decline of 20.3% from the October 31st total of 3,500,000 shares. Based on an average trading volume of 1,640,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the company's shares are sold short.
View Apple Hospitality REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our APLE earnings forecast.

Apple Hospitality REIT, Inc. (NYSE:APLE) issued its quarterly earnings data on Thursday, August, 4th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.16. Apple Hospitality REIT had a net margin of 13.09% and a trailing twelve-month return on equity of 4.87%. During the same period in the prior year, the company earned $0.30 EPS.

Apple Hospitality REIT declared a monthly dividend on Friday, November 18th. Investors of record on Friday, December 2nd will be paid a dividend of $0.08 per share on Thursday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for APLE.

Apple Hospitality REIT (NYSE:APLE) pays an annual dividend of $0.96 per share and currently has a dividend yield of 5.66%. APLE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 139.13%. 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 55.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for APLE.

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).

Apple Hospitality REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "APLE."

Apple Hospitality REIT's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.96%), BlackRock Inc. (8.49%), State Street Corp (4.54%), Price T Rowe Associates Inc. MD (3.35%), Victory Capital Management Inc. (2.92%) and Dimensional Fund Advisors LP (1.36%). 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.

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.
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One share of APLE stock can currently be purchased for approximately $16.81.

Apple Hospitality REIT (NYSE:APLE) has a market capitalization of $3.85 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 $0.69 on an earnings per share basis.

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.