Analysts Set Apple Hospitality REIT, Inc. (NYSE:APLE) Target Price at $16.80

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) have been given a consensus rating of "Hold" by the five research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.80.

A number of equities analysts have weighed in on the stock. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an "outperform" rating and a $18.00 target price for the company. Wells Fargo & Company reduced their price objective on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, September 13th. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a report on Friday, November 22nd. Finally, Oppenheimer reissued an "outperform" rating and issued a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP increased its holdings in Apple Hospitality REIT by 127.5% in the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,290 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 780 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of Apple Hospitality REIT by 4,406.5% in the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 5,420 shares during the period. Palouse Capital Management Inc. purchased a new position in shares of Apple Hospitality REIT during the second quarter valued at approximately $99,000. Finally, Covestor Ltd lifted its position in Apple Hospitality REIT by 30.0% during the third quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust's stock valued at $118,000 after purchasing an additional 1,831 shares during the period. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Stock Up 0.1 %

Shares of APLE traded up $0.02 on Friday, reaching $15.16. The stock had a trading volume of 1,309,612 shares, compared to its average volume of 1,232,256. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.84 and a beta of 1.13. The company has a 50-day simple moving average of $15.68 and a 200-day simple moving average of $14.95. Apple Hospitality REIT has a 12-month low of $13.60 and a 12-month high of $17.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. During the same quarter last year, the firm posted $0.45 EPS. Sell-side analysts predict that Apple Hospitality REIT will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Tuesday, December 31st. Apple Hospitality REIT's payout ratio is 112.94%.

About Apple Hospitality REIT

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.