Apple Hospitality REIT (APLE) Given Media Impact Score of 0.30
News stories about Apple Hospitality REIT (NYSE:APLE) have trended positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Apple Hospitality REIT earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.914154091417 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Investors may find a higher dividend yield attractive: Apple Hospitality REIT, Inc. (APLE) – Voice Of Analysts (analystsbuzz.com)
- APPLE HOSPITALITY REIT, INC. (NYSE:APLE) Files An 8-K Regulation FD Disclosure (4-traders.com)
- Zacks: Brokerages Anticipate Apple Hospitality REIT, Inc. (APLE) Will Announce Quarterly Sales of $285.12 Million (americanbankingnews.com)
- Apple Hospitality REIT, Inc. (APLE) Insider Buys $95,900.00 in Stock (americanbankingnews.com)
- Apple Hospitality REIT (APLE) versus Its Rivals Head-To-Head Review (americanbankingnews.com)
Shares of Apple Hospitality REIT (NYSE APLE) opened at $19.22 on Wednesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4,291.69, a PE ratio of 10.99, a P/E/G ratio of 2.22 and a beta of 0.60. Apple Hospitality REIT has a 52-week low of $17.49 and a 52-week high of $20.68.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $324.90 million during the quarter, compared to the consensus estimate of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. analysts predict that Apple Hospitality REIT will post 1.73 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, November 3rd will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.24%. The ex-dividend date is Thursday, November 2nd. Apple Hospitality REIT’s dividend payout ratio is currently 118.81%.
A number of analysts recently issued reports on the company. BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Robert W. Baird set a $20.00 price objective on Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Canaccord Genuity reissued a “hold” rating and set a $19.00 price objective (down from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.67.
In other news, insider Glade M. Knight bought 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was bought at an average cost of $19.18 per share, with a total value of $95,900.00. Following the transaction, the insider now directly owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Redd Hugh bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average cost of $17.96 per share, with a total value of $35,920.00. Following the completion of the transaction, the director now owns 59,495 shares in the company, valued at $1,068,530.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 12,000 shares of company stock valued at $220,970. 6.30% of the stock is currently owned by corporate insiders.
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 September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.
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