Apple Hospitality REIT (APLE) Projected to Post Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is anticipated to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $330.11 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Apple Hospitality REIT Trading Down 3.2 %

NYSE APLE opened at $14.79 on Friday. The company has a market cap of $3.55 billion, a PE ratio of 17.39 and a beta of 1.13. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT has a 12 month low of $13.60 and a 12 month high of $16.99. The stock has a 50 day moving average of $15.29 and a 200-day moving average of $15.11.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Friday, February 28th. Apple Hospitality REIT’s payout ratio is presently 112.94%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. BMO Capital Markets initiated coverage on Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 price target for the company. Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company cut their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Apple Hospitality REIT has an average rating of “Moderate Buy” and an average target price of $16.80.

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.