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

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.7857.

A number of research analysts recently commented on APLE shares. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 price objective on shares of Apple Hospitality REIT in a research note on Tuesday, March 3rd. Barclays began coverage on shares of Apple Hospitality REIT in a report on Tuesday, January 6th. They set an “overweight” rating and a $14.00 price target for the company. LADENBURG THALM/SH SH began coverage on shares of Apple Hospitality REIT in a research report on Thursday. They set a “neutral” rating and a $13.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apple Hospitality REIT in a report on Friday, December 26th. Finally, Wells Fargo & Company cut their price objective on shares of Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 24th.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $11.50 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $12.08 and a two-hundred day moving average of $11.97. Apple Hospitality REIT has a 52 week low of $10.44 and a 52 week high of $13.27. The company has a market cap of $2.71 billion, a P/E ratio of 15.53 and a beta of 0.81.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.16). The company 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%. As a group, analysts anticipate that Apple Hospitality REIT will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.08 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 8.4%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 129.73%.

Hedge Funds Weigh In On Apple Hospitality REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Apple Hospitality REIT by 2.8% in the 1st quarter. Royal Bank of Canada now owns 170,862 shares of the real estate investment trust’s stock worth $2,205,000 after buying an additional 4,712 shares in the last quarter. AQR Capital Management LLC boosted its position in Apple Hospitality REIT by 114.3% during the 1st quarter. AQR Capital Management LLC now owns 136,046 shares of the real estate investment trust’s stock worth $1,732,000 after acquiring an additional 72,553 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Apple Hospitality REIT by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 137,557 shares of the real estate investment trust’s stock worth $1,776,000 after acquiring an additional 6,788 shares during the period. NewEdge Advisors LLC grew its stake in shares of Apple Hospitality REIT by 295.9% in the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,814 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Apple Hospitality REIT by 10,235.7% in the first quarter. Jones Financial Companies Lllp now owns 21,705 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 21,495 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

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.