According to Zacks, analysts expect that Apple Hospitality REIT will report full-year earnings of $1.68 per share for the current year, with EPS estimates ranging from $1.66 to $1.69. For the next financial year, analysts anticipate that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.61 to $1.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Apple Hospitality REIT.
Equities research analysts forecast that Apple Hospitality REIT Inc (NYSE:APLE) will report earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Apple Hospitality REIT’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.37. Apple Hospitality REIT posted earnings of $0.38 per share during the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The firm is expected to announce its next quarterly earnings report on Monday, May 6th.
Several analysts have recently weighed in on APLE shares. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. B. Riley reaffirmed a “buy” rating on shares of Apple Hospitality REIT in a research note on Tuesday, February 26th. Finally, ValuEngine raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.67.
In related news, Director Daryl Arthur Nickel acquired 24,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $16.44 per share, with a total value of $394,560.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were bought at an average cost of $16.54 per share, for a total transaction of $82,700.00. The disclosure for this purchase can be found here. Insiders have bought 30,000 shares of company stock worth $493,640 over the last three months. Corporate insiders own 6.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Manhattan Co. purchased a new stake in Apple Hospitality REIT in the fourth quarter valued at $56,000. IFP Advisors Inc raised its position in shares of Apple Hospitality REIT by 160.2% in the fourth quarter. IFP Advisors Inc now owns 3,966 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,442 shares during the period. Barings LLC acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth about $151,000. AlphaCrest Capital Management LLC acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth about $161,000. Finally, Group One Trading L.P. acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth about $171,000. 55.05% of the stock is currently owned by hedge funds and other institutional investors.
Apple Hospitality REIT stock opened at $16.44 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. Apple Hospitality REIT has a fifty-two week low of $13.81 and a fifty-two week high of $19.28. The company has a market cap of $3.68 billion, a PE ratio of 9.56, a P/E/G ratio of 1.96 and a beta of 0.87.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 18th. Investors of record on Tuesday, March 5th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend is Monday, March 4th.
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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.
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