Apple Hospitality REIT (APLE) Earns Daily News Impact Rating of 0.28
News headlines about Apple Hospitality REIT (NYSE:APLE) have trended positive on Friday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apple Hospitality REIT earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.6356329404353 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- Apple Hospitality REIT, Inc. (APLE) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Apple Hospitality REIT, Inc. (APLE) Announces Monthly Dividend of $0.10 (americanbankingnews.com)
- Delphi Automotive PLC, (NYSE: DLPH), Apple Hospitality REIT, Inc., (NYSE: APLE), The Toronto-Dominion Bank … – Stocks In The News (press release) (tradingnewsnow.com)
- Apple Hospitality REIT Announces December 2017 Distribution – Business Wire (press release) (businesswire.com)
A number of analysts have weighed in on the stock. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. BidaskClub raised shares of Apple Hospitality REIT from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a report on Wednesday, November 1st. Finally, Canaccord Genuity reissued a “hold” rating and set a $19.00 target price (down from $20.00) on shares of Apple Hospitality REIT in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.67.
Apple Hospitality REIT (APLE) traded up $0.05 during mid-day trading on Friday, hitting $19.47. 384,852 shares of the company were exchanged, compared to its average volume of 1,029,055. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05. Apple Hospitality REIT has a 1-year low of $17.49 and a 1-year high of $20.68. The firm has a market cap of $4,331.84, a PE ratio of 11.10, a PEG ratio of 2.24 and a beta of 0.60.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $324.66 million. During the same quarter last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. analysts expect that Apple Hospitality REIT will post 1.73 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.16%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 118.81%.
In other news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $19.18 per share, with a total value of $95,900.00. Following the acquisition, the insider now directly owns 10,046,357 shares in the company, valued at $192,689,127.26. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by company 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 September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.
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