Apple Hospitality REIT (APLE) Receives Daily News Impact Rating of 0.27
News coverage about Apple Hospitality REIT (NYSE:APLE) has trended positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Apple Hospitality REIT earned a news impact score of 0.27 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.7765067488583 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Apple Hospitality REIT (NYSE:APLE) traded down $0.07 during trading on Tuesday, reaching $19.36. The company had a trading volume of 835,546 shares, compared to its average volume of 1,027,233. Apple Hospitality REIT has a one year low of $17.49 and a one year high of $20.68. The company has a market cap of $4,342.99, a PE ratio of 11.13, a P/E/G ratio of 2.25 and a beta of 0.60. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12.
Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The company had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $324.66 million. During the same period last year, the firm earned $0.49 EPS. Apple Hospitality REIT’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities research analysts anticipate that Apple Hospitality REIT will post 1.73 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Monday, December 18th. Investors 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 yield of 6.20%. Apple Hospitality REIT’s dividend payout ratio is currently 118.81%.
A number of research firms have recently issued reports on APLE. B. Riley restated a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. BidaskClub upgraded Apple Hospitality REIT from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Canaccord Genuity restated a “hold” rating and issued a $19.00 price target (down from $20.00) on shares of Apple Hospitality REIT in a research note on Friday, August 11th. Robert W. Baird set a $20.00 price target on Apple Hospitality REIT and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.67.
In related news, insider Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $19.18 per share, with a total value of $95,900.00. Following the acquisition, the insider now owns 10,046,357 shares in the company, valued at $192,689,127.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by company insiders.
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About Apple Hospitality REIT
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 September 13, 2017, the Company owned 237 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 33 states.
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