Equities analysts expect that Apple Hospitality REIT (NYSE:APLE) will report $298.77 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Apple Hospitality REIT’s earnings, with estimates ranging from $295.42 million to $301.22 million. Apple Hospitality REIT reported sales of $292.93 million in the same quarter last year, which would suggest a positive year over year growth rate of 2%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, May 7th.

According to Zacks, analysts expect that Apple Hospitality REIT will report full-year sales of $1.28 billion for the current fiscal year, with estimates ranging from $1.26 billion to $1.28 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.31 billion per share, with estimates ranging from $1.30 billion to $1.32 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Apple Hospitality REIT.

How to Become a New Pot Stock Millionaire

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $289.07 million during the quarter, compared to the consensus estimate of $288.75 million. Apple Hospitality REIT had a net margin of 14.73% and a return on equity of 5.19%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS.

Several brokerages recently commented on APLE. Robert W. Baird reissued a “buy” rating and issued a $21.00 price objective on shares of Apple Hospitality REIT in a research note on Friday, January 12th. Barclays restated an “equal weight” rating and issued a $20.00 price target (down from $21.00) on shares of Apple Hospitality REIT in a research report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Friday, January 12th. KeyCorp assumed coverage on shares of Apple Hospitality REIT in a research report on Friday, January 12th. They issued a “sector weight” rating for the company. Finally, B. Riley set a $20.00 price target on shares of Apple Hospitality REIT and gave the company a “hold” rating in a research report on Friday, February 23rd. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.20.

In other news, Director Redd Hugh acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of $16.89 per share, for a total transaction of $84,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Glade M. Knight acquired 5,800 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $17.10 per share, with a total value of $99,180.00. Following the completion of the transaction, the chairman now owns 10,052,157 shares of the company’s stock, valued at $171,891,884.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 33,504 shares of company stock valued at $573,262. Corporate insiders own 6.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of APLE. US Bancorp DE increased its position in shares of Apple Hospitality REIT by 132.3% during the fourth quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 3,120 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Apple Hospitality REIT by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Apple Hospitality REIT during the fourth quarter worth $213,000. Public Employees Retirement Association of Colorado increased its position in shares of Apple Hospitality REIT by 67.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 4,468 shares during the period. Finally, Evermay Wealth Management LLC acquired a new stake in shares of Apple Hospitality REIT during the fourth quarter worth $218,000. Institutional investors own 54.49% of the company’s stock.

Shares of NYSE:APLE opened at $17.74 on Tuesday. The company has a market capitalization of $4,063.11, a P/E ratio of 10.20, a P/E/G ratio of 2.01 and a beta of 0.64. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. Apple Hospitality REIT has a one year low of $16.72 and a one year high of $20.19.

The firm also recently declared a monthly dividend, which was paid on Monday, April 16th. Shareholders of record on Tuesday, April 3rd were given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend was Monday, April 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 68.97%.

ILLEGAL ACTIVITY NOTICE: “Apple Hospitality REIT (APLE) Expected to Announce Quarterly Sales of $298.77 Million” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.dailypolitical.com/2018/04/17/apple-hospitality-reit-aple-expected-to-announce-quarterly-sales-of-298-77-million.html.

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 portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.

Get a free copy of the Zacks research report on Apple Hospitality REIT (APLE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Apple Hospitality REIT (NYSE:APLE)

Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.