B. Riley set a $20.00 target price on Apple Hospitality REIT (NYSE:APLE) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for Apple Hospitality REIT’s Q2 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.71 EPS and FY2020 earnings at $1.77 EPS.

APLE has been the subject of a number of other reports. Zacks Investment Research raised shares of Apple Hospitality REIT from a sell rating to a hold rating in a research note on Wednesday, August 22nd. ValuEngine raised shares of Apple Hospitality REIT from a sell rating to a hold rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $20.25.

Shares of NYSE:APLE traded down $0.02 during midday trading on Tuesday, hitting $16.19. 1,164,926 shares of the stock traded hands, compared to its average volume of 1,689,208. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.89 and a beta of 0.69. Apple Hospitality REIT has a one year low of $15.67 and a one year high of $20.19.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.21). Apple Hospitality REIT had a return on equity of 4.77% and a net margin of 13.42%. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $340.17 million. During the same period in the previous year, the company earned $0.48 earnings per share. Apple Hospitality REIT’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts expect that Apple Hospitality REIT will post 1.71 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, November 2nd will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Thursday, November 1st. Apple Hospitality REIT’s dividend payout ratio is 68.97%.

In other news, insider Glade M. Knight purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were purchased at an average price of $17.63 per share, for a total transaction of $176,300.00. Following the completion of the acquisition, the insider now directly owns 10,098,933 shares in the company, valued at approximately $178,044,188.79. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Blythe J. Mcgarvie purchased 11,500 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were purchased at an average price of $17.32 per share, for a total transaction of $199,180.00. Following the acquisition, the director now owns 9,744 shares of the company’s stock, valued at $168,766.08. The disclosure for this purchase can be found here. Insiders have acquired 27,501 shares of company stock valued at $481,397 in the last ninety days. Insiders own 6.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia boosted its holdings in Apple Hospitality REIT by 70.2% in the second quarter. Commonwealth Bank of Australia now owns 9,193 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 3,793 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Apple Hospitality REIT in the second quarter worth approximately $169,000. Howe & Rusling Inc. purchased a new stake in Apple Hospitality REIT in the second quarter worth approximately $168,000. US Bancorp DE boosted its holdings in Apple Hospitality REIT by 98.9% in the second quarter. US Bancorp DE now owns 9,872 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 4,908 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in Apple Hospitality REIT in the second quarter worth approximately $177,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.

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