Equities analysts predict that Apple Hospitality REIT Inc (NYSE:APLE) will announce $288.13 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Apple Hospitality REIT’s earnings. The highest sales estimate is $290.06 million and the lowest is $285.94 million. Apple Hospitality REIT reported sales of $282.43 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The company is expected to report its next earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Apple Hospitality REIT will report full-year sales of $288.13 million for the current financial year. For the next financial year, analysts anticipate that the company will report sales of $1.27 billion per share, with estimates ranging from $1.26 billion to $1.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.
In other news, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the acquisition, the insider now owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group purchased a new position in shares of Apple Hospitality REIT in the 2nd quarter worth about $102,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Apple Hospitality REIT by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 494 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Apple Hospitality REIT in the 3rd quarter worth about $204,000. Advisor Group Inc. boosted its holdings in shares of Apple Hospitality REIT by 18.2% in the 2nd quarter. Advisor Group Inc. now owns 11,040 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 1,698 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Apple Hospitality REIT in the 2nd quarter worth about $243,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.
Apple Hospitality REIT (NYSE:APLE) opened at $19.78 on Monday. The firm has a market capitalization of $4,412.14, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.24 and a beta of 0.62. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. Apple Hospitality REIT has a one year low of $17.49 and a one year high of $20.68.
The firm also recently announced a monthly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 6.07%. Apple Hospitality REIT’s dividend payout ratio is currently 118.81%.
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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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