Apple Hospitality REIT Inc (NYSE:APLE) – B. Riley lowered their Q1 2020 EPS estimates for shares of Apple Hospitality REIT in a research note issued on Monday, March 23rd. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $0.32 per share for the quarter, down from their prior estimate of $0.37. B. Riley has a “Buy” rating and a $12.00 price objective on the stock. B. Riley also issued estimates for Apple Hospitality REIT’s Q3 2020 earnings at $0.33 EPS, Q4 2020 earnings at $0.28 EPS, Q1 2021 earnings at $0.33 EPS, Q2 2021 earnings at $0.40 EPS, Q3 2021 earnings at $0.40 EPS, Q4 2021 earnings at $0.30 EPS, FY2021 earnings at $1.43 EPS and FY2022 earnings at $1.47 EPS.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Thursday, March 12th. ValuEngine lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Janney Montgomery Scott initiated coverage on Apple Hospitality REIT in a research report on Monday, December 16th. They issued a “buy” rating and a $18.00 price objective for the company. Capital One Financial upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $17.00 to $14.00 in a research report on Monday, March 9th. Finally, Barclays lowered Apple Hospitality REIT from an “overweight” rating to an “equal weight” rating and set a $10.00 price objective for the company. in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.40.

Apple Hospitality REIT stock opened at $9.26 on Wednesday. The firm has a market capitalization of $1.85 billion, a P/E ratio of 12.03 and a beta of 0.86. Apple Hospitality REIT has a 1 year low of $4.48 and a 1 year high of $16.88. The business has a 50-day moving average of $12.11 and a 200-day moving average of $15.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.22). The company had revenue of $289.97 million for the quarter, compared to analyst estimates of $288.45 million. Apple Hospitality REIT had a return on equity of 5.16% and a net margin of 13.57%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in Apple Hospitality REIT by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 25,894 shares of the real estate investment trust’s stock worth $421,000 after acquiring an additional 720 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in Apple Hospitality REIT during the 4th quarter worth approximately $3,827,000. Tower Research Capital LLC TRC boosted its position in Apple Hospitality REIT by 40.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,354 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 968 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its position in Apple Hospitality REIT by 0.4% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 265,946 shares of the real estate investment trust’s stock worth $4,322,000 after acquiring an additional 982 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in Apple Hospitality REIT by 3.2% during the 4th quarter. Advisor Group Inc. now owns 33,577 shares of the real estate investment trust’s stock worth $546,000 after acquiring an additional 1,047 shares during the last quarter. Institutional investors and hedge funds own 62.08% of the company’s stock.

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $11.90 per share, for a total transaction of $59,500.00. Following the transaction, the chairman now owns 10,211,968 shares of the company’s stock, valued at $121,522,419.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.50% of the stock is currently owned by insiders.

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 16th. Investors of record on Wednesday, March 4th were given a $0.10 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $1.20 annualized dividend and a dividend yield of 12.96%. Apple Hospitality REIT’s dividend payout ratio is presently 73.62%.

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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.

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Earnings History and Estimates for Apple Hospitality REIT (NYSE:APLE)

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