Apple Hospitality REIT, Inc. (NYSE:APLE) Expected to Post Q3 2021 Earnings of $0.33 Per Share

Apple Hospitality REIT, Inc. (NYSE:APLE) – Equities researchers at Capital One Financial raised their Q3 2021 earnings per share (EPS) estimates for Apple Hospitality REIT in a note issued to investors on Thursday, September 9th. Capital One Financial analyst N. Malkin now anticipates that the real estate investment trust will earn $0.33 per share for the quarter, up from their previous estimate of $0.25. Capital One Financial also issued estimates for Apple Hospitality REIT’s Q4 2021 earnings at $0.25 EPS, Q1 2022 earnings at $0.33 EPS, Q2 2022 earnings at $0.48 EPS, Q4 2022 earnings at $0.35 EPS, FY2022 earnings at $1.62 EPS, Q1 2023 earnings at $0.39 EPS and FY2023 earnings at $1.80 EPS.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.10. Apple Hospitality REIT had a negative net margin of 17.18% and a negative return on equity of 3.88%.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday, June 28th. B. Riley upped their target price on shares of Apple Hospitality REIT from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 15th. Finally, Barclays raised shares of Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $19.00 in a research note on Wednesday, September 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $15.80.

Shares of APLE stock opened at $15.11 on Monday. Apple Hospitality REIT has a one year low of $8.90 and a one year high of $16.57. The firm’s 50 day moving average price is $14.79 and its 200-day moving average price is $15.14. The firm has a market cap of $3.45 billion, a P/E ratio of -28.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.72 and a current ratio of 0.72.

In other news, Chairman Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction on Tuesday, August 10th. The shares were bought at an average cost of $14.44 per share, with a total value of $72,200.00. Following the transaction, the chairman now owns 414,989 shares in the company, valued at approximately $5,992,441.16. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders acquired 5,636 shares of company stock worth $81,478. Insiders own 7.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in Apple Hospitality REIT by 719.4% during the 2nd quarter. IFP Advisors Inc now owns 2,278 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,000 shares during the period. FMR LLC boosted its stake in Apple Hospitality REIT by 70.7% during the 2nd quarter. FMR LLC now owns 2,613 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,082 shares during the period. Penserra Capital Management LLC acquired a new stake in Apple Hospitality REIT during the 2nd quarter worth $61,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Apple Hospitality REIT by 29.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,442 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,467 shares during the period. Finally, Ayalon Holdings Ltd. boosted its stake in Apple Hospitality REIT by 85.7% during the 2nd quarter. Ayalon Holdings Ltd. now owns 6,723 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 3,102 shares during the period. Institutional investors and hedge funds own 77.97% of the company’s stock.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands.

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Earnings History and Estimates for Apple Hospitality REIT (NYSE:APLE)

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