Apple Hospitality REIT, Inc. (NYSE:APLE) Given Consensus Recommendation of “Hold” by Analysts

Apple Hospitality REIT, Inc. (NYSE:APLE) has been given an average rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.9375.

A number of analysts have recently commented on APLE shares. Barclays lifted their price target on Apple Hospitality REIT from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wells Fargo & Company upped their price objective on Apple Hospitality REIT from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Cantor Fitzgerald raised their price objective on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. BMO Capital Markets raised their price objective on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Apple Hospitality REIT from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th.

Apple Hospitality REIT Stock Up 0.8%

Shares of APLE opened at $16.62 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. Apple Hospitality REIT has a 52 week low of $10.85 and a 52 week high of $17.06. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 8.05 and a beta of 0.87. The stock has a fifty day moving average of $15.03 and a 200-day moving average of $13.15.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Apple Hospitality REIT had a return on equity of 5.43% and a net margin of 12.08%.The business had revenue of $337.74 million for the quarter, compared to analyst estimates of $327.81 million. As a group, sell-side analysts anticipate that Apple Hospitality REIT will post 1.58 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.8%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 131.51%.

Insider Activity at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $13.96 per share, for a total transaction of $69,800.00. Following the completion of the acquisition, the chairman owned 747,191 shares in the company, valued at approximately $10,430,786.36. This trade represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.90% of the company’s stock.

Institutional Trading of Apple Hospitality REIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in Apple Hospitality REIT by 295.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,814 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Apple Hospitality REIT by 1,375.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,640 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Apple Hospitality REIT in the third quarter valued at about $36,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at about $43,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Apple Hospitality REIT by 97.5% in the second quarter. Smartleaf Asset Management LLC now owns 3,792 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,872 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.