Apple Hospitality REIT, Inc. (APLE) To Go Ex-Dividend on January 30th

Apple Hospitality REIT, Inc. (NYSE:APLE) declared a monthly dividend on Tuesday, January 20th. Investors of record on Friday, January 30th will be paid a dividend of 0.08 per share by the real estate investment trust on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, January 30th.

Apple Hospitality REIT has decreased its dividend payment by an average of 0.0%annually over the last three years. Apple Hospitality REIT has a payout ratio of 124.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Apple Hospitality REIT to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 59.3%.

Apple Hospitality REIT Trading Up 2.1%

NYSE APLE opened at $12.45 on Thursday. The stock has a market cap of $2.94 billion, a P/E ratio of 17.05 and a beta of 0.85. Apple Hospitality REIT has a fifty-two week low of $10.44 and a fifty-two week high of $16.01. The stock has a 50 day simple moving average of $11.99 and a two-hundred day simple moving average of $12.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.06 and a current ratio of 0.06.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $373.88 million during the quarter, compared to analyst estimates of $371.94 million. Apple Hospitality REIT had a return on equity of 5.46% and a net margin of 12.37%. On average, analysts forecast that Apple Hospitality REIT will post 1.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APLE has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Tuesday, November 4th. Wells Fargo & Company upgraded Apple Hospitality REIT to a “hold” rating in a research report on Friday, October 3rd. Barclays began coverage on Apple Hospitality REIT in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $14.00 price target on the stock. Finally, Cantor Fitzgerald started coverage on Apple Hospitality REIT in a research report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus price target of $12.92.

Apple Hospitality REIT Company Profile

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.