Apple Hospitality REIT (APLE) Scheduled to Post Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) will announce its earnings results after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

Apple Hospitality REIT (APLE) opened at $18.37 on Monday. Apple Hospitality REIT has a 12-month low of $17.49 and a 12-month high of $20.53. 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 has a market cap of $4,097.63, a PE ratio of 18.19, a PEG ratio of 2.08 and a beta of 0.55.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, February 2nd were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.20 annualized dividend and a dividend yield of 6.53%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 118.81%.

A hedge fund recently raised its stake in Apple Hospitality REIT stock. The Manufacturers Life Insurance Company grew its position in Apple Hospitality REIT Inc (NYSE:APLE) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,069 shares of the real estate investment trust’s stock after buying an additional 494 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Apple Hospitality REIT were worth $132,000 at the end of the most recent quarter. Institutional investors own 53.86% of the company’s stock.

Several equities analysts have recently weighed in on APLE shares. Zacks Investment Research lowered 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 company a “buy” rating in a research report on Sunday, October 29th. BidaskClub upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. TheStreet lowered shares of Apple Hospitality REIT from a “b” rating to a “c” rating in a research report on Thursday, February 8th. Finally, KeyCorp started coverage on shares of Apple Hospitality REIT in a research report on Friday, January 12th. They set a “sector weight” rating for the company. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.60.

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About Apple Hospitality REIT

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.

Earnings History for Apple Hospitality REIT (NYSE:APLE)

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