Apple Hospitality REIT (APLE) Set to Announce Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Apple Hospitality REIT to post earnings of $0.35 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Apple Hospitality REIT Trading Up 0.1 %

Shares of APLE stock opened at $14.68 on Friday. Apple Hospitality REIT has a 12-month low of $14.22 and a 12-month high of $17.90. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $15.94 and its 200 day moving average is $16.23. The stock has a market capitalization of $3.56 billion, a P/E ratio of 18.82 and a beta of 1.10.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.08 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.96 annualized dividend and a yield of 6.54%. Apple Hospitality REIT’s payout ratio is presently 123.08%.

Wall Street Analysts Forecast Growth

APLE has been the topic of several recent research reports. StockNews.com downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. Bank of America downgraded shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $18.00 in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.40.

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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.