Apple Hospitality REIT (APLE) to Release Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is scheduled to be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Apple Hospitality REIT to post earnings of $0.35 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Apple Hospitality REIT Stock Performance

Shares of APLE opened at $14.68 on Friday. The firm has a market capitalization of $3.56 billion, a PE ratio of 18.82 and a beta of 1.10. The company has a 50-day simple moving average of $15.94 and a two-hundred day simple moving average of $16.23. Apple Hospitality REIT has a one year low of $14.22 and a one year high of $17.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.36 and a quick ratio of 0.36.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 dividend on an annualized basis and a yield of 6.54%. Apple Hospitality REIT’s dividend payout ratio is presently 123.08%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APLE shares. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $18.00 in a research note on Monday, January 8th. StockNews.com cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.40.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.