Apple Hospitality REIT, Inc. (NYSE:APLE) has received an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.50.

A number of research analysts recently issued reports on APLE shares. BidaskClub downgraded shares of Apple Hospitality REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Robert W. Baird set a $20.00 price objective on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Canaccord Genuity reiterated a “hold” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. Finally, B. Riley reiterated a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st.

Apple Hospitality REIT (NYSE APLE) opened at $19.42 on Thursday. The stock has a market cap of $4,330.00 and a price-to-earnings ratio of 11.14. Apple Hospitality REIT has a 1 year low of $17.49 and a 1 year 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 posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to the consensus estimate of $324.66 million. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. equities analysts anticipate that Apple Hospitality REIT will post 1.73 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.18%. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 118.81%.

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In related news, insider Glade M. Knight bought 5,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $19.18 per share, with a total value of $95,900.00. Following the completion of the purchase, the insider now directly owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in APLE. Principal Financial Group Inc. grew its stake in Apple Hospitality REIT by 10.4% during the 1st quarter. Principal Financial Group Inc. now owns 29,274 shares of the real estate investment trust’s stock valued at $559,000 after acquiring an additional 2,750 shares in the last quarter. Teachers Advisors LLC grew its stake in Apple Hospitality REIT by 37.4% during the 1st quarter. Teachers Advisors LLC now owns 386,804 shares of the real estate investment trust’s stock valued at $7,388,000 after acquiring an additional 105,377 shares in the last quarter. Morgan Stanley grew its stake in Apple Hospitality REIT by 31.1% during the 1st quarter. Morgan Stanley now owns 88,526 shares of the real estate investment trust’s stock valued at $1,692,000 after acquiring an additional 20,987 shares in the last quarter. Bank of Montreal Can grew its stake in Apple Hospitality REIT by 12.8% during the 2nd quarter. Bank of Montreal Can now owns 84,087 shares of the real estate investment trust’s stock valued at $1,573,000 after acquiring an additional 9,520 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in Apple Hospitality REIT by 259.4% during the 2nd quarter. Forsta AP Fonden now owns 80,500 shares of the real estate investment trust’s stock valued at $1,506,000 after acquiring an additional 58,100 shares in the last quarter. 50.44% of the stock is owned by institutional investors.

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 September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.

Analyst Recommendations for Apple Hospitality REIT (NYSE:APLE)

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