Analysts expect that Apple Hospitality REIT Inc (NYSE:APLE) will report $288.13 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Apple Hospitality REIT’s earnings. The lowest sales estimate is $285.94 million and the highest is $290.06 million. Apple Hospitality REIT posted sales of $282.43 million during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The firm is scheduled to issue 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 fiscal year. For the next fiscal year, analysts expect that the firm will post sales of $1.27 billion per share, with estimates ranging from $1.26 billion to $1.27 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $324.90 million for the quarter, compared to analyst estimates of $324.66 million. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share.
Apple Hospitality REIT (NYSE:APLE) opened at $18.11 on Thursday. The company has a market cap of $4,088.71, a P/E ratio of 10.47, a PEG ratio of 2.07 and a beta of 0.55. Apple Hospitality REIT has a 1 year low of $17.49 and a 1 year high of $20.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.63%. Apple Hospitality REIT’s dividend payout ratio is presently 118.81%.
In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the completion of the purchase, the insider now owns 10,046,357 shares in the company, valued at $192,689,127.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QS Investors LLC boosted its stake in Apple Hospitality REIT by 383.1% in the second quarter. QS Investors LLC now owns 39,209 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 31,093 shares in the last quarter. AXA boosted its stake in Apple Hospitality REIT by 533.8% in the third quarter. AXA now owns 532,155 shares of the real estate investment trust’s stock valued at $10,063,000 after acquiring an additional 448,192 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Apple Hospitality REIT by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 1,529,885 shares of the real estate investment trust’s stock valued at $28,931,000 after acquiring an additional 143,157 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Apple Hospitality REIT by 26.5% in the third quarter. Asset Management One Co. Ltd. now owns 548,023 shares of the real estate investment trust’s stock valued at $10,358,000 after acquiring an additional 114,952 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at approximately $1,697,000. Hedge funds and other institutional investors own 53.28% of the company’s stock.
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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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