Apple Hospitality REIT, Inc. (NYSE:APLE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have been given an average rating of “Hold” by the five ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.40.

Separately, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday.

Apple Hospitality REIT Stock Down 1.1 %

NYSE:APLE opened at $14.70 on Thursday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 17.09 and a beta of 1.10. Apple Hospitality REIT has a twelve month low of $14.22 and a twelve month high of $17.90. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $16.21.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $329.51 million for the quarter, compared to the consensus estimate of $324.68 million. Apple Hospitality REIT had a net margin of 13.21% and a return on equity of 5.54%. During the same quarter in the previous year, the business earned $0.34 EPS. Analysts anticipate that Apple Hospitality REIT will post 1.65 EPS for the current year.

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 given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 annualized dividend and a yield of 6.53%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

Hedge Funds Weigh In On Apple Hospitality REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at about $26,000. EdgeRock Capital LLC acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at approximately $27,000. YHB Investment Advisors Inc. purchased a new position in Apple Hospitality REIT in the first quarter worth $37,000. GAMMA Investing LLC acquired a new position in shares of Apple Hospitality REIT during the fourth quarter worth $41,000. Finally, Fortis Group Advisors LLC lifted its holdings in shares of Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,493 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

About Apple Hospitality REIT

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.