Apple Hospitality REIT, Inc. (APLE) To Go Ex-Dividend on December 31st

Apple Hospitality REIT, Inc. (NYSE:APLE) declared a monthly dividend on Thursday, December 18th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Wednesday, December 31st.

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. Research 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 Price Performance

NYSE APLE opened at $12.05 on Monday. Apple Hospitality REIT has a 1 year low of $10.44 and a 1 year high of $16.01. The company has a fifty day simple moving average of $11.76 and a 200 day simple moving average of $12.02. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.85 billion, a P/E ratio of 16.51 and a beta of 0.83.

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

About Apple Hospitality REIT

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.