News articles about Apple Hospitality REIT (NYSE:APLE) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apple Hospitality REIT earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.6035984991412 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Apple Hospitality REIT (APLE) PT Set at $20.00 by Robert W. Baird (americanbankingnews.com)
- Apple Hospitality REIT (APLE) Cut to Hold at ValuEngine (americanbankingnews.com)
- Apple Hospitality REIT Announces Dates for First Quarter 2018 Earnings Release and Conference Call (finance.yahoo.com)
- Apple Hospitality REIT (APLE) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
- Apple Hospitality REIT (APLE) Earns Neutral Rating from B. Riley (americanbankingnews.com)
Apple Hospitality REIT stock remained flat at $$17.63 during midday trading on Thursday. 1,235,275 shares of the company’s stock traded hands, compared to its average volume of 1,542,224. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. Apple Hospitality REIT has a one year low of $16.72 and a one year high of $20.19. The company has a market cap of $4,067.71, a PE ratio of 10.13, a price-to-earnings-growth ratio of 2.02 and a beta of 0.65.
The firm also recently announced a monthly dividend, which will be paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend is Monday, April 2nd. Apple Hospitality REIT’s payout ratio is 68.97%.
A number of equities research analysts recently issued reports on APLE shares. Barclays reaffirmed an “equal weight” rating and set a $20.00 price target (down previously from $21.00) on shares of Apple Hospitality REIT in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. KeyCorp initiated coverage on shares of Apple Hospitality REIT in a research note on Friday, January 12th. They issued a “sector weight” rating on the stock. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, December 8th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.20.
In other news, insider Glade M. Knight purchased 10,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $17.16 per share, for a total transaction of $171,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Redd Hugh purchased 5,000 shares of the stock in a transaction dated Friday, March 2nd. The stock was purchased at an average price of $16.89 per share, for a total transaction of $84,450.00. The disclosure for this purchase can be found here. Insiders bought a total of 33,504 shares of company stock worth $573,262 over the last 90 days. Company insiders own 6.30% of the company’s stock.
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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