Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Average Rating of “Hold” from Analysts

Apple Hospitality REIT, Inc. (NYSE:APLE) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.9167.

APLE has been the subject of a number of analyst reports. Barclays started coverage on shares of Apple Hospitality REIT in a report on Tuesday, January 6th. They set an “overweight” rating and a $14.00 target price for the company. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Apple Hospitality REIT in a report on Friday, December 26th.

Insiders Place Their Bets

In other news, Chairman Glade M. Knight acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average price of $11.91 per share, for a total transaction of $59,550.00. Following the completion of the acquisition, the chairman owned 710,344 shares in the company, valued at $8,460,197.04. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Apple Hospitality REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Apple Hospitality REIT by 295.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,814 shares during the period. Hantz Financial Services Inc. lifted its holdings in Apple Hospitality REIT by 12,230.0% during the second quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,446 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Apple Hospitality REIT by 1,375.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,640 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Apple Hospitality REIT in the third quarter worth about $34,000. Finally, Danske Bank A S acquired a new stake in shares of Apple Hospitality REIT during the third quarter worth about $36,000. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Stock Performance

Shares of NYSE:APLE opened at $12.26 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.06 and a debt-to-equity ratio of 0.52. Apple Hospitality REIT has a 1-year low of $10.44 and a 1-year high of $14.96. The stock has a market capitalization of $2.89 billion, a P/E ratio of 16.57 and a beta of 0.84. The business has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $12.08.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.16). The business had revenue of $326.44 million for the quarter, compared to analyst estimates of $322.60 million. Apple Hospitality REIT had a return on equity of 5.50% and a net margin of 12.42%. Equities analysts predict that Apple Hospitality REIT will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Friday, February 27th. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 129.73%.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.