Apple Hospitality REIT (APLE) Scheduled to Post Quarterly Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is scheduled to release its earnings data after the market closes on Monday, May 6th. Analysts expect Apple Hospitality REIT to post earnings of $0.35 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Apple Hospitality REIT Price Performance

NYSE:APLE opened at $14.68 on Friday. Apple Hospitality REIT has a 1-year low of $14.22 and a 1-year high of $17.90. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $16.23. The stock has a market capitalization of $3.56 billion, a PE ratio of 18.82 and a beta of 1.10.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 annualized dividend and a dividend yield of 6.54%. Apple Hospitality REIT’s dividend payout ratio is presently 123.08%.

Analysts Set New Price Targets

Several research firms recently weighed in on APLE. StockNews.com cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $19.00 to $18.00 in a research report on Monday, January 8th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.40.

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.