Apple Hospitality REIT Inc (NYSE:aple) announced a dividend on Monday, March 20th. Shareholders of record on Tuesday, April 4th will be paid a dividend of 0.10 per share on Monday, April 17th. The ex-dividend date of this dividend is Friday, March 31st.

Shares of Apple Hospitality REIT (NYSE:APLE) opened at 18.95 on Tuesday. Apple Hospitality REIT has a one year low of $17.32 and a one year high of $20.68. The firm has a 50 day moving average price of $19.74 and a 200 day moving average price of $19.10. The company has a market capitalization of $4.22 billion, a P/E ratio of 25.00 and a beta of 0.67.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, February 27th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.18. Apple Hospitality REIT had a return on equity of 2.98% and a net margin of 8.78%. The company had revenue of $282.43 million for the quarter, compared to the consensus estimate of $269.59 million. During the same quarter last year, the business posted $0.35 EPS. Apple Hospitality REIT’s revenue for the quarter was up 32.6% on a year-over-year basis. On average, equities research analysts predict that Apple Hospitality REIT will post $0.96 EPS for the current fiscal year.

Dividend History for Apple Hospitality REIT (NYSE:aple)

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/21/apple-hospitality-reit-inc-aple-declares-0-10-dividend.html

Your IP Address:

APLE has been the topic of several recent research reports. Robert W. Baird raised Apple Hospitality REIT from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $19.00 to $20.00 in a report on Tuesday, November 29th. Canaccord Genuity reissued a “buy” rating and set a $22.00 price objective (up previously from $20.00) on shares of Apple Hospitality REIT in a report on Friday, December 23rd. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating and set a $23.00 price objective on the stock in a report on Monday, January 9th. Finally, FBR & Co reissued a “market perform” rating and set a $20.00 price objective on shares of Apple Hospitality REIT in a report on Tuesday, February 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.40.

In related news, Director Jon A. Fosheim bought 1,500 shares of the business’s stock in a transaction on Monday, March 6th. The shares were purchased at an average cost of $19.02 per share, with a total value of $28,530.00. Following the acquisition, the director now owns 16,037 shares of the company’s stock, valued at $305,023.74. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Redd Hugh bought 10,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were bought at an average cost of $19.11 per share, for a total transaction of $191,100.00. Following the completion of the acquisition, the director now directly owns 49,425 shares in the company, valued at approximately $944,511.75. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,100 shares of company stock worth $269,888 over the last ninety days. Company insiders own 6.40% of the company’s stock.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a self-advised real estate investment trust (REIT) that invests in real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company has REIT subsidiaries, which lease all of its hotels from qualified REIT subsidiaries.

5 Day Chart for NYSE:APLE

Receive News & Ratings for Apple Hospitality REIT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT Inc and related companies with MarketBeat.com's FREE daily email newsletter.