Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) declared a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.08 per share by the real estate investment trust on Wednesday, May 15th. This represents a $0.96 annualized dividend and a yield of 6.34%. The ex-dividend date is Monday, April 29th.
Apple Hospitality REIT has increased its dividend payment by an average of 47.4% per year over the last three years.
Apple Hospitality REIT Price Performance
Shares of NYSE APLE opened at $15.15 on Friday. Apple Hospitality REIT has a fifty-two week low of $14.22 and a fifty-two week high of $17.90. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 19.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.36. The firm’s 50-day simple moving average is $16.14 and its 200 day simple moving average is $16.25.
Hedge Funds Weigh In On Apple Hospitality REIT
Analysts Set New Price Targets
APLE has been the topic of several recent research reports. StockNews.com cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $18.00 in a research report on Monday, January 8th. Finally, Wells Fargo & Company lifted their target price on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.40.
Check Out Our Latest Stock Analysis on APLE
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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.
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