Equities analysts expect that Apple Hospitality REIT Inc (NYSE:APLE) will report earnings of $0.40 per share for the current quarter, according to Zacks. Two analysts have made estimates for Apple Hospitality REIT’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.40. Apple Hospitality REIT also posted earnings of $0.40 per share during the same quarter last year. The business is scheduled to report its next earnings results after the market closes on Thursday, May 4th.

On average, analysts expect that Apple Hospitality REIT will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.77 to $1.80. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.83 per share, with EPS estimates ranging from $1.81 to $1.84. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Apple Hospitality REIT.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, February 27th. The real estate investment trust reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Apple Hospitality REIT had a return on equity of 2.98% and a net margin of 8.78%. The business had revenue of $282.43 million for the quarter, compared to analysts’ expectations of $269.59 million. During the same period in the prior year, the business posted $0.35 earnings per share. The firm’s revenue was up 32.6% on a year-over-year basis.

APLE has been the subject of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $22.00 price target (up previously from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, December 23rd. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating and set a $23.00 price target for the company in a research report on Monday, January 9th. FBR & Co reiterated a “market perform” rating and set a $20.00 price target on shares of Apple Hospitality REIT in a research report on Tuesday, February 28th. Finally, Robert W. Baird reissued an “outperform” rating and set a $21.00 price objective on shares of Apple Hospitality REIT in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.60.

In other news, Director Redd Hugh acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were bought at an average cost of $19.11 per share, with a total value of $191,100.00. Following the acquisition, the director now owns 49,425 shares in the company, valued at approximately $944,511.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jon A. Fosheim acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average cost of $19.02 per share, for a total transaction of $28,530.00. Following the completion of the acquisition, the director now owns 16,037 shares in the company, valued at approximately $305,023.74. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 14,100 shares of company stock worth $269,888. 6.40% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its position in shares of Apple Hospitality REIT by 3.6% in the third quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 200 shares in the last quarter. TLP Group LLC bought a new position in shares of Apple Hospitality REIT during the third quarter worth approximately $125,000. MSI Financial Services Inc boosted its position in shares of Apple Hospitality REIT by 213.0% in the third quarter. MSI Financial Services Inc now owns 7,337 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 4,993 shares during the period. Stevens Capital Management LP bought a new position in shares of Apple Hospitality REIT during the third quarter worth approximately $190,000. Finally, Advisor Group Inc. boosted its position in shares of Apple Hospitality REIT by 70.5% in the third quarter. Advisor Group Inc. now owns 11,718 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 4,845 shares during the period. 41.75% of the stock is currently owned by institutional investors.

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Shares of Apple Hospitality REIT (NYSE:APLE) traded down 0.73% during mid-day trading on Thursday, reaching $18.99. The company had a trading volume of 301,727 shares. Apple Hospitality REIT has a 12-month low of $17.32 and a 12-month high of $20.68. The stock has a 50 day moving average price of $19.01 and a 200 day moving average price of $19.14. The firm has a market capitalization of $4.23 billion, a PE ratio of 25.05 and a beta of 0.67.

The company also recently disclosed a monthly dividend, which was paid on Monday, April 17th. Investors of record on Tuesday, April 4th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.27%. Apple Hospitality REIT’s dividend payout ratio is 250.01%.

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 December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.

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