Apple Hospitality REIT Inc (NYSE:APLE) – Equities research analysts at Capital One Financial reduced their Q1 2021 EPS estimates for Apple Hospitality REIT in a research note issued to investors on Sunday, January 12th. Capital One Financial analyst N. Malkin now forecasts that the real estate investment trust will post earnings of $0.36 per share for the quarter, down from their prior estimate of $0.37. Capital One Financial also issued estimates for Apple Hospitality REIT’s FY2021 earnings at $1.61 EPS.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.24). The company had revenue of $331.72 million during the quarter, compared to analysts’ expectations of $328.85 million. Apple Hospitality REIT had a return on equity of 5.37% and a net margin of 14.20%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share.
Shares of Apple Hospitality REIT stock opened at $15.82 on Tuesday. The company has a market cap of $3.53 billion, a PE ratio of 9.20 and a beta of 0.78. Apple Hospitality REIT has a 52 week low of $14.65 and a 52 week high of $16.90. The business has a 50 day moving average price of $15.99 and a 200-day moving average price of $15.98. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.47.
Institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group boosted its holdings in shares of Apple Hospitality REIT by 175.0% in the second quarter. Schroder Investment Management Group now owns 4,771,948 shares of the real estate investment trust’s stock worth $75,683,000 after acquiring an additional 3,036,672 shares during the period. Ellington Management Group LLC purchased a new stake in Apple Hospitality REIT during the second quarter valued at about $298,000. California State Teachers Retirement System raised its position in Apple Hospitality REIT by 0.4% during the third quarter. California State Teachers Retirement System now owns 335,225 shares of the real estate investment trust’s stock valued at $5,558,000 after purchasing an additional 1,458 shares in the last quarter. First Trust Advisors LP raised its position in Apple Hospitality REIT by 35.7% during the third quarter. First Trust Advisors LP now owns 1,308,453 shares of the real estate investment trust’s stock valued at $21,694,000 after purchasing an additional 344,356 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Apple Hospitality REIT during the third quarter valued at about $550,000. 60.19% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of $16.26 per share, with a total value of $81,300.00. Following the completion of the transaction, the chairman now directly owns 10,138,812 shares of the company’s stock, valued at approximately $164,857,083.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 7,000 shares of company stock valued at $113,470 over the last three months. Company insiders own 6.50% of the company’s stock.
The company also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend was Thursday, January 2nd. Apple Hospitality REIT’s dividend payout ratio is currently 69.77%.
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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.
Recommended Story: Pattern Day Trader
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.