Favorable Press Coverage Somewhat Unlikely to Impact Apple Hospitality REIT (APLE) Stock Price
Media headlines about Apple Hospitality REIT (NYSE:APLE) have trended positive on Monday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Apple Hospitality REIT earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.5235146736857 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Apple Hospitality REIT, Inc. (APLE) : Investors may need a consensus Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Apple Hospitality: Simple. Consistent. Quality. – Seeking Alpha (seekingalpha.com)
- Wondering to Grab Passive Attentions on Strong Long-Term Obligations: Apple Hospitality REIT, Inc. (NYSE:APLE) – Stock News Stop (stockmarketstop.com)
- Apple Hospitality REIT, Inc. (NYSE: APLE) – Volatile Stock to Watch – Alpha Beta Stock (alphabetastock.com)
- Zacks Investment Research Upgrades Apple Hospitality REIT (APLE) to Hold (americanbankingnews.com)
A number of analysts recently commented on APLE shares. BidaskClub upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, B. Riley reiterated a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.67.
Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. Apple Hospitality REIT’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. sell-side analysts anticipate that Apple Hospitality REIT will post 1.74 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Friday, December 1st. Apple Hospitality REIT’s payout ratio is 118.81%.
In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the purchase, the insider now owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.
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Apple Hospitality REIT Company Profile
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 October 23, 2017, the Company owned 238 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 34 states.
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