Wedbush Lowers Earnings Estimates for Apple Hospitality REIT

Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) - Equities researchers at Wedbush decreased their FY2025 earnings estimates for Apple Hospitality REIT in a research report issued to clients and investors on Tuesday, March 4th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $1.58 per share for the year, down from their prior forecast of $1.64. The consensus estimate for Apple Hospitality REIT's current full-year earnings is $1.60 per share. Wedbush also issued estimates for Apple Hospitality REIT's FY2026 earnings at $1.66 EPS.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $333.04 million for the quarter, compared to analysts' expectations of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%.

A number of other brokerages have also recently commented on APLE. StockNews.com raised shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their target price for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Wells Fargo & Company cut their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, BMO Capital Markets began coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They issued an "outperform" rating and a $18.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Apple Hospitality REIT currently has an average rating of "Moderate Buy" and a consensus target price of $16.80.

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Apple Hospitality REIT Stock Up 2.2 %

Shares of APLE stock traded up $0.32 during mid-day trading on Wednesday, hitting $14.68. 2,781,902 shares of the stock traded hands, compared to its average volume of 1,900,315. Apple Hospitality REIT has a 52-week low of $13.60 and a 52-week high of $16.99. 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 market cap of $3.52 billion, a P/E ratio of 17.26 and a beta of 1.12. The stock's fifty day moving average is $15.07 and its two-hundred day moving average is $15.15.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 6.54%. Apple Hospitality REIT's payout ratio is 109.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Apple Hospitality REIT by 27.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust's stock worth $126,472,000 after buying an additional 1,761,996 shares in the last quarter. Norges Bank purchased a new position in Apple Hospitality REIT in the fourth quarter valued at about $21,099,000. Victory Capital Management Inc. grew its stake in Apple Hospitality REIT by 11.9% in the third quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust's stock valued at $100,059,000 after purchasing an additional 718,844 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of Apple Hospitality REIT by 126.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 899,842 shares of the real estate investment trust's stock worth $13,813,000 after acquiring an additional 503,114 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Apple Hospitality REIT during the 4th quarter worth about $5,898,000. Institutional investors and hedge funds own 89.66% of the company's stock.

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.