Apple Hospitality REIT (APLE) Receiving Positive Media Coverage, Study Shows
News stories about Apple Hospitality REIT (NYSE:APLE) have been trending positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Apple Hospitality REIT earned a daily sentiment score of 0.31 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.3086522624448 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- 3 Days Left To Cash In On Apple Hospitality REIT Inc (NYSE:APLE) Dividend, Is It Worth Buying? – Yahoo Finance (finance.yahoo.com)
- Apple Hospitality REIT, Inc. (APLE) Ex-Dividend Date Scheduled for January 02 … (nasdaq.com)
- Ex-Dividend Alert: Apple Hospitality REIT has a Dividend Yield of 6.11%; Will Trade Ex-Dividend on January 02, 2018 (finance.yahoo.com)
- Apple Hospitality REIT Inc (APLE) Announces $0.10 Monthly Dividend (americanbankingnews.com)
- Apple Hospitality REIT, Inc. (APLE) stock jumped 0.42% versus to SMA-20 – The Stocks News (press release) (thestocksnews.com)
Apple Hospitality REIT (NYSE:APLE) traded down $0.19 during midday trading on Friday, hitting $19.61. The stock had a trading volume of 922,319 shares, compared to its average volume of 1,328,977. Apple Hospitality REIT has a fifty-two week low of $17.49 and a fifty-two week high of $20.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $4,374.23, a price-to-earnings ratio of 19.42, a PEG ratio of 2.25 and a beta of 0.62.
Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The business had revenue of $324.90 million for the quarter, compared to analyst estimates of $324.66 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. equities research analysts expect that Apple Hospitality REIT will post 1.74 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Tuesday, January 2nd. Apple Hospitality REIT’s payout ratio is 118.81%.
APLE has been the topic of several analyst reports. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Robert W. Baird set a $20.00 price target on Apple Hospitality REIT and gave the stock a “buy” rating in a report on Sunday, October 29th. BidaskClub lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. B. Riley reiterated a “neutral” rating on shares of Apple Hospitality REIT in a report on Wednesday, November 1st. Finally, TheStreet upgraded Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.67.
In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $19.18 per share, with a total value of $95,900.00. Following the transaction, the insider now owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by company insiders.
About Apple Hospitality REIT
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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