Apple Hospitality REIT (APLE) to Release Quarterly Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is scheduled to be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The company had revenue of $390.08 million for the quarter, compared to analyst estimates of $388.82 million. Apple Hospitality REIT had a return on equity of 6.30% and a net margin of 14.91%. During the same period last year, the company earned $0.49 earnings per share. On average, analysts expect Apple Hospitality REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Apple Hospitality REIT Trading Down 0.5 %

Apple Hospitality REIT stock opened at $14.69 on Friday. The stock has a market cap of $3.56 billion, a PE ratio of 16.69 and a beta of 1.12. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $14.74 and a 200 day moving average price of $14.64. Apple Hospitality REIT has a 52 week low of $13.60 and a 52 week high of $17.90.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.54%. Apple Hospitality REIT’s payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on APLE shares. Wells Fargo & Company dropped their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. StockNews.com downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $17.00 target price on shares of Apple Hospitality REIT in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT presently has an average rating of “Hold” and a consensus price target of $16.25.

Insiders Place Their Bets

In other news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $14.04 per share, with a total value of $70,200.00. Following the acquisition, the chairman now owns 636,990 shares in the company, valued at $8,943,339.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.80% of the company’s stock.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.