B. Riley Issues Pessimistic Forecast for APLE Earnings

Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) - Research analysts at B. Riley lowered their FY2026 EPS estimates for Apple Hospitality REIT in a report released on Monday, November 11th. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $1.76 per share for the year, down from their prior forecast of $1.77. The consensus estimate for Apple Hospitality REIT's current full-year earnings is $1.60 per share.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same period in the previous year, the business earned $0.45 earnings per share.

Several other equities research analysts have also issued reports on the stock. Oppenheimer restated an "outperform" rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Wells Fargo & Company decreased their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, September 13th. Finally, StockNews.com cut Apple Hospitality REIT from a "hold" rating to a "sell" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.50.

Apple Hospitality REIT Trading Down 1.9 %

APLE traded down $0.29 during trading on Thursday, reaching $15.60. The company had a trading volume of 1,824,161 shares, compared to its average volume of 2,062,739. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The business has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $14.65. The stock has a market cap of $3.74 billion, a P/E ratio of 18.35 and a beta of 1.11. Apple Hospitality REIT has a 52 week low of $13.60 and a 52 week high of $17.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Apple Hospitality REIT by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust's stock worth $582,400,000 after buying an additional 1,217,142 shares in the last quarter. Masterton Capital Management LP bought a new position in Apple Hospitality REIT during the 2nd quarter worth about $3,378,000. Entropy Technologies LP purchased a new position in Apple Hospitality REIT during the 1st quarter valued at about $338,000. Dimensional Fund Advisors LP increased its position in Apple Hospitality REIT by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust's stock valued at $49,072,000 after purchasing an additional 154,159 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in shares of Apple Hospitality REIT by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 818,601 shares of the real estate investment trust's stock valued at $12,156,000 after purchasing an additional 105,993 shares in the last quarter. Institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.16%. Apple Hospitality REIT's dividend payout ratio is currently 112.94%.

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.