Apple Hospitality REIT Inc (NYSE:APLE) – Research analysts at KeyCorp issued their FY2019 EPS estimates for shares of Apple Hospitality REIT in a research note issued on Monday. KeyCorp analyst A. Wurschmidt expects that the real estate investment trust will post earnings of $1.77 per share for the year. KeyCorp currently has a “Sector Weight” rating on the stock.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $324.66 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 17.5% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the stock. B. Riley reaffirmed a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a research report on Friday, January 12th. Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, January 12th. BidaskClub raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, December 8th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.60.

Apple Hospitality REIT (APLE) traded down $0.24 during trading hours on Tuesday, reaching $19.15. 1,343,129 shares of the company’s stock were exchanged, compared to its average volume of 1,307,620. 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 fifty-two week low of $17.49 and a fifty-two week high of $20.63. The company has a market cap of $4,350.00 and a P/E ratio of 18.97.

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Apple Hospitality REIT by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 494 shares during the period. Parametrica Management Ltd bought a new stake in shares of Apple Hospitality REIT during the 3rd quarter valued at $204,000. Advisor Group Inc. grew its position in shares of Apple Hospitality REIT by 18.2% during the 2nd quarter. Advisor Group Inc. now owns 11,040 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 1,698 shares during the period. Verition Fund Management LLC bought a new stake in shares of Apple Hospitality REIT during the 2nd quarter valued at $243,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Apple Hospitality REIT during the 2nd quarter valued at $266,000. 51.25% of the stock is owned by hedge funds and other institutional investors.

In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $19.18 per share, with a total value of $95,900.00. Following the transaction, the insider now directly owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 6.30% of the company’s stock.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, February 2nd will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date is Thursday, February 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 118.81%.

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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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