Apple Hospitality REIT, Inc. (NYSE:APLE) released its earnings results on Monday. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01, Bloomberg Earnings reports. Apple Hospitality REIT had a return on equity of 4.38% and a net margin of 13.01%. The company had revenue of $331.70 million during the quarter, compared to analysts’ expectations of $335.94 million. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s revenue was up 28.7% on a year-over-year basis.

Apple Hospitality REIT (NYSE:APLE) opened at 18.23 on Tuesday. Apple Hospitality REIT has a one year low of $17.32 and a one year high of $20.68. The company has a market capitalization of $4.07 billion, a P/E ratio of 25.64 and a beta of 0.60. The stock’s 50 day moving average price is $18.77 and its 200-day moving average price is $19.15.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Thursday, August 3rd will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date is Tuesday, August 1st. Apple Hospitality REIT’s payout ratio is currently 166.67%.

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A number of equities research analysts have recently commented on the company. BidaskClub raised Apple Hospitality REIT from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Robert W. Baird reissued an “outperform” rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a research note on Tuesday, July 4th. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Canaccord Genuity reissued a “hold” rating and issued a $20.00 target price on shares of Apple Hospitality REIT in a research note on Monday, May 8th. Finally, FBR & Co reissued a “hold” rating on shares of Apple Hospitality REIT in a research note on Saturday, May 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.40.

In other news, insider Justin G. Knight purchased 5,400 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were acquired at an average price of $18.64 per share, for a total transaction of $100,656.00. Following the purchase, the insider now owns 1,005,274 shares in the company, valued at $18,738,307.36. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Glade M. Knight purchased 3,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were purchased at an average price of $18.51 per share, for a total transaction of $55,530.00. Following the purchase, the insider now owns 10,015,957 shares in the company, valued at approximately $185,395,364.07. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 13,800 shares of company stock worth $258,732. 6.40% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in Apple Hospitality REIT by 38.0% in the first quarter. Wells Fargo & Company MN now owns 2,507,835 shares of the real estate investment trust’s stock worth $47,901,000 after buying an additional 690,453 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Apple Hospitality REIT during the first quarter worth $208,000. Janney Montgomery Scott LLC boosted its position in Apple Hospitality REIT by 23.4% in the first quarter. Janney Montgomery Scott LLC now owns 26,543 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 5,036 shares during the last quarter. Acadian Asset Management LLC boosted its position in Apple Hospitality REIT by 23.1% in the first quarter. Acadian Asset Management LLC now owns 492,294 shares of the real estate investment trust’s stock worth $9,403,000 after buying an additional 92,239 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Apple Hospitality REIT by 31.6% in the first quarter. State of Alaska Department of Revenue now owns 105,950 shares of the real estate investment trust’s stock worth $2,023,000 after buying an additional 25,460 shares during the last quarter. 47.64% of the stock is owned by institutional investors.

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.

Earnings History for Apple Hospitality REIT (NYSE:APLE)

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