News coverage about Apple Hospitality REIT (NYSE:APLE) has trended positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apple Hospitality REIT earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.7294734511383 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Shares of Apple Hospitality REIT (NYSE APLE) traded up $0.29 during mid-day trading on Wednesday, reaching $19.91. 1,543,704 shares of the company traded hands, compared to its average volume of 1,320,000. Apple Hospitality REIT has a 12-month low of $17.49 and a 12-month high of $20.68. The firm has a market cap of $4,440.00 and a P/E ratio of 19.71. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12.
Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The firm had revenue of $324.90 million during the quarter, compared to the consensus estimate of $324.66 million. During the same quarter in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. sell-side analysts predict that Apple Hospitality REIT will post 1.74 EPS for the current year.
The firm also recently declared a monthly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd were issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Tuesday, January 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is 118.81%.
Several brokerages recently weighed in on APLE. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a research note on Friday, January 12th. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, December 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.50.
In other Apple Hospitality REIT news, insider Glade M. Knight purchased 5,000 shares of the stock in a transaction on Friday, November 10th. The stock was bought at an average price of $19.18 per share, for a total transaction of $95,900.00. Following the acquisition, the insider now directly owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is owned by insiders.
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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 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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