Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.80.

APLE has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their price objective for the company from $16.00 to $17.00 in a report on Monday, January 27th.

Apple Hospitality REIT Stock Up 3.1 %

Shares of Apple Hospitality REIT stock traded up $0.35 on Friday, hitting $11.87. The company had a trading volume of 2,900,137 shares, compared to its average volume of 2,202,349. Apple Hospitality REIT has a twelve month low of $10.44 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a 50-day moving average of $13.51 and a 200-day moving average of $14.75. The firm has a market capitalization of $2.84 billion, a P/E ratio of 13.97 and a beta of 1.00.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $333.04 million for the quarter, compared to analyst estimates of $330.11 million. Research analysts predict that Apple Hospitality REIT will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 8.08%. Apple Hospitality REIT's dividend payout ratio is currently 109.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of Apple Hospitality REIT during the fourth quarter worth approximately $31,000. Versant Capital Management Inc grew its holdings in Apple Hospitality REIT by 569.5% in the 1st quarter. Versant Capital Management Inc now owns 2,805 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 2,386 shares in the last quarter. Quarry LP lifted its holdings in shares of Apple Hospitality REIT by 128.1% during the fourth quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,751 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at about $51,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Apple Hospitality REIT in the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 89.66% 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.