Robert W. Baird reissued their buy rating on shares of Apple Hospitality REIT (NYSE:APLE) in a report published on Friday morning. Robert W. Baird currently has a $21.00 price objective on the real estate investment trust’s stock.
Other analysts have also recently issued research reports about the company. B. Riley reiterated a neutral rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. BidaskClub upgraded Apple Hospitality REIT from a sell rating to a hold rating in a research report on Friday, November 10th. TheStreet upgraded Apple Hospitality REIT from a c rating to a b- rating in a research report on Friday, December 8th. Finally, Zacks Investment Research upgraded Apple Hospitality REIT from a sell rating to a hold rating in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $20.50.
Apple Hospitality REIT (NYSE:APLE) traded down $0.12 during trading on Friday, reaching $19.55. The company had a trading volume of 990,203 shares, compared to its average volume of 1,320,000. The stock has a market cap of $4,360.00 and a PE ratio of 19.36. Apple Hospitality REIT has a 1 year low of $17.49 and a 1 year high of $20.68. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12.
Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data 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 firm had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. equities research analysts predict that Apple Hospitality REIT will post 1.74 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Tuesday, January 2nd. Apple Hospitality REIT’s dividend payout ratio is presently 118.81%.
In other Apple Hospitality REIT news, insider Glade M. Knight purchased 5,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $19.18 per share, with a total value of $95,900.00. Following the purchase, the insider now owns 10,046,357 shares in the company, valued at $192,689,127.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.30% of the company’s stock.
Large investors have recently modified their holdings of the business. Systematic Financial Management LP acquired a new stake in Apple Hospitality REIT in the 2nd quarter worth about $1,662,000. QS Investors LLC boosted its stake in Apple Hospitality REIT by 383.1% in the 2nd quarter. QS Investors LLC now owns 39,209 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 31,093 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Apple Hospitality REIT by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,529,885 shares of the real estate investment trust’s stock worth $28,931,000 after buying an additional 143,157 shares during the last quarter. AXA boosted its stake in Apple Hospitality REIT by 533.8% in the 3rd quarter. AXA now owns 532,155 shares of the real estate investment trust’s stock worth $10,063,000 after buying an additional 448,192 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Apple Hospitality REIT by 26.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 548,023 shares of the real estate investment trust’s stock worth $10,358,000 after buying an additional 114,952 shares during the last quarter. 50.91% of the stock is currently owned by hedge funds and other institutional investors.
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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 December 5, 2017, the Company owned 239 hotels, with more than 30,300 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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