Favorable Press Coverage Somewhat Unlikely to Affect Apple Hospitality REIT (APLE) Share Price
News headlines about Apple Hospitality REIT (NYSE:APLE) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apple Hospitality REIT earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.7679673695811 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Stock Review for REIT’s Investors — Pebblebrook Hotel Trust, Apple Hospitality REIT, Xenia Hotels & Resorts, and … – PR Newswire (press release) (prnewswire.com)
- Attention Seeking Stock – Apple Hospitality REIT, Inc., (NYSE: APLE) – Stock Watch (stocksnewstimes.com)
- APLE Stock: Supplement Your Monthly Income with This 6.1% Dividend Yield (incomeinvestors.com)
- Apple Hospitality REIT, Inc. (APLE) : Investors may need a consensus Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- Apple Hospitality: Simple. Consistent. Quality. – Seeking Alpha (seekingalpha.com)
A number of equities research analysts have weighed in on the stock. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a report on Wednesday, November 1st. BidaskClub raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 10th. TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. Robert W. Baird set a $20.00 price target on shares of Apple Hospitality REIT and gave the company a “buy” rating in a report on Sunday, October 29th. Finally, Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.67.
Apple Hospitality REIT (APLE) traded up $0.12 during mid-day trading on Friday, reaching $19.85. 2,112,642 shares of the company’s stock were exchanged, compared to its average volume of 1,056,323. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. Apple Hospitality REIT has a 52 week low of $17.49 and a 52 week high of $20.68. The stock has a market capitalization of $4,374.22, a price-to-earnings ratio of 11.21, a PEG ratio of 2.25 and a beta of 0.62.
Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $324.90 million for the quarter, compared to the consensus estimate of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. analysts forecast that Apple Hospitality REIT will post 1.74 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Monday, December 18th. Stockholders 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 6.05%. Apple Hospitality REIT’s dividend payout ratio is 118.81%.
In other Apple Hospitality REIT news, insider Glade M. Knight bought 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $19.18 per share, for a total transaction of $95,900.00. Following the acquisition, the insider now directly owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate 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 October 23, 2017, the Company owned 238 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 34 states.
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