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%.
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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