Apple Hospitality REIT, Inc. (NYSE:APLE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.50.

APLE has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Compass Point upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $17.50 to $18.50 in a report on Friday, August 7th. Wells Fargo & Company raised their price objective on shares of Apple Hospitality REIT from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Apple Hospitality REIT in a report on Friday.

Apple Hospitality REIT Price Performance

Shares of APLE opened at $16.61 on Friday. Apple Hospitality REIT has a one year low of $10.85 and a one year high of $17.28. The stock’s fifty day moving average is $16.49 and its 200-day moving average is $14.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 3.15 and a beta of 0.88.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $402.55 million during the quarter, compared to the consensus estimate of $391.88 million. Apple Hospitality REIT had a net margin of 12.17% and a return on equity of 5.56%. Equities analysts anticipate that Apple Hospitality REIT will post 1.64 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 5.8%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 129.73%.

Institutional Trading of Apple Hospitality REIT

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake in Apple Hospitality REIT by 295.9% during the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,814 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Apple Hospitality REIT by 1,375.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,640 shares in the last quarter. Danske Bank A S bought a new stake in Apple Hospitality REIT in the third quarter worth about $36,000. Compass Financial Management LLC acquired a new stake in Apple Hospitality REIT in the 2nd quarter valued at about $56,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Apple Hospitality REIT during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Company Profile

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.