Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Consensus Rating of “Hold” from Analysts

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have received a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.80.

A number of equities analysts have issued reports on APLE shares. BMO Capital Markets began coverage on Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 target price for the company. Wells Fargo & Company dropped their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Oppenheimer reaffirmed an “outperform” rating and set a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd.

Institutional Trading of Apple Hospitality REIT

A number of large investors have recently added to or reduced their stakes in APLE. Masterton Capital Management LP acquired a new position in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $3,378,000. Dimensional Fund Advisors LP increased its holdings in shares of Apple Hospitality REIT by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock valued at $49,072,000 after purchasing an additional 154,159 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Apple Hospitality REIT by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock valued at $66,187,000 after purchasing an additional 182,917 shares during the period. Centiva Capital LP acquired a new stake in Apple Hospitality REIT in the 3rd quarter worth about $1,067,000. Finally, Sound Income Strategies LLC grew its position in shares of Apple Hospitality REIT by 14.9% during the 3rd quarter. Sound Income Strategies LLC now owns 818,601 shares of the real estate investment trust’s stock worth $12,156,000 after purchasing an additional 105,993 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Price Performance

Shares of APLE opened at $16.05 on Monday. The stock has a 50 day simple moving average of $15.53 and a 200 day simple moving average of $14.85. Apple Hospitality REIT has a 52-week low of $13.60 and a 52-week high of $17.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $3.85 billion, a PE ratio of 18.88 and a beta of 1.13.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The company had revenue of $378.84 million during the quarter, compared to analyst estimates of $377.56 million. During the same quarter last year, the company earned $0.45 EPS. Sell-side analysts predict that Apple Hospitality REIT will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

About Apple Hospitality REIT

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 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.