News articles about Apple Hospitality REIT (NYSE:APLE) have trended positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apple Hospitality REIT earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.6035984991412 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research firms recently weighed in on APLE. KeyCorp began coverage on Apple Hospitality REIT in a research note on Friday, January 12th. They issued a “sector weight” rating on the stock. Zacks Investment Research upgraded Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, January 12th. Robert W. Baird reiterated a “buy” rating and set a $21.00 target price on shares of Apple Hospitality REIT in a research report on Friday, January 12th. TheStreet upgraded Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, December 8th. Finally, Barclays began coverage on Apple Hospitality REIT in a research report on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.20.
Shares of Apple Hospitality REIT (NYSE:APLE) opened at $17.38 on Wednesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3,860.00 and a price-to-earnings ratio of 21.20. Apple Hospitality REIT has a 12-month low of $16.72 and a 12-month high of $20.19.
The company also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.20 dividend on an annualized basis and a yield of 6.90%. Apple Hospitality REIT’s payout ratio is 146.34%.
In related news, insider Glade M. Knight purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average cost of $17.16 per share, with a total value of $171,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Glade M. Knight purchased 5,800 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $17.10 per share, with a total value of $99,180.00. Following the completion of the acquisition, the chairman now owns 10,052,157 shares of the company’s stock, valued at $171,891,884.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 26,391 shares of company stock worth $449,768. 6.30% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: This piece was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3260551/apple-hospitality-reit-aple-earns-news-sentiment-rating-of-0-26.html.
About Apple Hospitality REIT
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.