News headlines about Apple Hospitality REIT (NYSE:APLE) have been trending positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apple Hospitality REIT earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.2491773192444 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday. KeyCorp assumed coverage on Apple Hospitality REIT in a report on Friday. They set a “sector weight” rating on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $21.00 target price on shares of Apple Hospitality REIT in a report on Friday. TheStreet raised Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. Finally, BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Apple Hospitality REIT has a consensus rating of “Hold” and an average target price of $20.50.
Apple Hospitality REIT (NYSE:APLE) opened at $19.55 on Friday. The stock has a market capitalization of $4,360.00 and a PE ratio of 19.36. Apple Hospitality REIT has a fifty-two week low of $17.49 and a fifty-two week high of $20.68. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The business had revenue of $324.90 million during the quarter, compared to analyst estimates of $324.66 million. During the same quarter last year, the company posted $0.49 EPS. Apple Hospitality REIT’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts anticipate that Apple Hospitality REIT will post 1.74 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.14%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 118.81%.
In related news, insider Glade M. Knight purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $19.18 per share, for a total transaction of $95,900.00. Following the transaction, the insider now directly owns 10,046,357 shares of the company’s stock, valued at approximately $192,689,127.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.
Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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