Brokerages Anticipate Apple Hospitality REIT Inc (NYSE:APLE) Will Post Earnings of $0.46 Per Share
Analysts expect that Apple Hospitality REIT Inc (NYSE:APLE) will announce $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Apple Hospitality REIT’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.47. Apple Hospitality REIT posted earnings per share of $0.47 in the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The company is scheduled to announce its next quarterly earnings report on Monday, November 4th.
According to Zacks, analysts expect that Apple Hospitality REIT will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.68. For the next financial year, analysts expect that the firm will report earnings of $1.66 per share, with EPS estimates ranging from $1.62 to $1.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. Apple Hospitality REIT had a return on equity of 5.75% and a net margin of 15.44%. The business had revenue of $341.12 million during the quarter, compared to analysts’ expectations of $340.44 million. During the same period in the prior year, the firm posted $0.51 EPS. Apple Hospitality REIT’s quarterly revenue was down 1.0% compared to the same quarter last year.
Shares of APLE traded down $0.11 during mid-day trading on Monday, reaching $16.39. The company had a trading volume of 9,018 shares, compared to its average volume of 1,176,233. Apple Hospitality REIT has a twelve month low of $13.81 and a twelve month high of $17.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.04 and a quick ratio of 0.04. The company’s 50-day moving average is $15.68 and its 200-day moving average is $16.04. The company has a market capitalization of $3.69 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.99 and a beta of 0.80.
The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.32%. Apple Hospitality REIT’s payout ratio is presently 69.77%.
In other Apple Hospitality REIT news, Director Redd Hugh purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $15.55 per share, with a total value of $31,100.00. Following the acquisition, the director now directly owns 95,154 shares of the company’s stock, valued at approximately $1,479,644.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Jirka Rysavy purchased 105,879 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $7.14 per share, with a total value of $755,976.06. Over the last three months, insiders bought 112,879 shares of company stock valued at $864,026. 6.50% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in APLE. Cetera Investment Advisers increased its position in shares of Apple Hospitality REIT by 6.1% in the first quarter. Cetera Investment Advisers now owns 11,356 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 657 shares during the period. Envestnet Asset Management Inc. boosted its stake in Apple Hospitality REIT by 1.4% during the second quarter. Envestnet Asset Management Inc. now owns 50,648 shares of the real estate investment trust’s stock worth $803,000 after acquiring an additional 697 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Apple Hospitality REIT by 2.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,146 shares of the real estate investment trust’s stock worth $446,000 after acquiring an additional 738 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Apple Hospitality REIT by 1.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 64,947 shares of the real estate investment trust’s stock worth $1,030,000 after acquiring an additional 813 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Apple Hospitality REIT by 18.1% in the second quarter. Signaturefd LLC now owns 5,953 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 912 shares in the last quarter. 59.18% of the stock is owned by hedge funds and other institutional investors.
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 30,800 guest rooms located in 88 markets throughout 34 states.
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