Apple Hospitality REIT (APLE) to Release Earnings on Monday

Apple Hospitality REIT (NYSE:APLE - Get Free Report) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Apple Hospitality REIT to post earnings of $0.45 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its quarterly earnings data 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). Apple Hospitality REIT had a net margin of 14.91% and a return on equity of 6.30%. The company had revenue of $390.08 million for the quarter, compared to the consensus estimate of $388.82 million. During the same quarter in the prior year, the firm 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 Stock Performance

Shares of NYSE APLE traded up $0.21 during midday trading on Monday, reaching $15.11. 1,290,399 shares of the company traded hands, compared to its average volume of 2,062,472. Apple Hospitality REIT has a 52 week low of $13.60 and a 52 week high of $17.90. The stock has a 50-day moving average price of $14.69 and a 200 day moving average price of $14.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 17.56 and a beta of 1.12.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Thursday, October 31st. Apple Hospitality REIT's payout ratio is currently 111.63%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APLE. Oppenheimer restated an "outperform" rating and issued a $17.00 price objective on shares of Apple Hospitality REIT in a report on Friday, October 4th. StockNews.com downgraded shares of Apple Hospitality REIT from a "hold" rating to a "sell" rating in a report on Monday. Finally, Wells Fargo & Company lowered their price objective 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. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.25.

Insider Transactions at Apple Hospitality REIT

In other news, Chairman Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $14.04 per share, with a total value of $70,200.00. Following the completion of the purchase, the chairman now owns 636,990 shares of the company's stock, valued at $8,943,339.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.80% of the stock is owned by insiders.

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.