Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Average Recommendation of “Hold” from Analysts

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.9167.

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a report on Friday, December 26th. Cantor Fitzgerald reissued an “overweight” rating and set a $14.00 price objective on shares of Apple Hospitality REIT in a research note on Tuesday. Finally, Barclays assumed coverage on shares of Apple Hospitality REIT in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $14.00 target price for the company.

Insider Activity at Apple Hospitality REIT

In other news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction on Thursday, December 11th. The stock was purchased at an average price of $11.91 per share, for a total transaction of $59,550.00. Following the acquisition, the chairman owned 710,344 shares in the company, valued at approximately $8,460,197.04. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in shares of Apple Hospitality REIT by 7.9% during the third quarter. Private Advisor Group LLC now owns 13,883 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,022 shares in the last quarter. MML Investors Services LLC boosted its position in Apple Hospitality REIT by 1.4% during the 2nd quarter. MML Investors Services LLC now owns 80,287 shares of the real estate investment trust’s stock worth $937,000 after acquiring an additional 1,100 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Apple Hospitality REIT by 3.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 34,474 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 1,143 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Apple Hospitality REIT by 9.3% during the 4th quarter. Captrust Financial Advisors now owns 13,519 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 1,149 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Apple Hospitality REIT by 16.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,316 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 1,160 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Performance

Shares of Apple Hospitality REIT stock opened at $12.43 on Friday. The firm has a fifty day moving average of $12.18 and a two-hundred day moving average of $12.08. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 16.80 and a beta of 0.81. Apple Hospitality REIT has a 52 week low of $10.44 and a 52 week high of $14.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.40 and a current ratio of 0.40.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.16). Apple Hospitality REIT had a return on equity of 5.50% and a net margin of 12.42%.The company had revenue of $326.44 million for the quarter, compared to analyst estimates of $322.60 million. As a group, equities research analysts predict that Apple Hospitality REIT will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, February 27th. Apple Hospitality REIT’s dividend payout ratio is 129.73%.

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.