Analysts predict that Apple Hospitality REIT Inc (NYSE:APLE) will report earnings of $0.51 per share for the current quarter, according to Zacks. Three analysts have made estimates for Apple Hospitality REIT’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.53. Apple Hospitality REIT also reported earnings per share of $0.51 in the same quarter last year. The company is scheduled to issue its next earnings report after the market closes on Monday, August 6th.
According to Zacks, analysts expect that Apple Hospitality REIT will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.72 to $1.79. For the next fiscal year, analysts expect that the business will report earnings of $1.77 per share, with EPS estimates ranging from $1.75 to $1.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Apple Hospitality REIT.
Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21). Apple Hospitality REIT had a net margin of 15.30% and a return on equity of 5.38%. The business had revenue of $298.40 million for the quarter, compared to the consensus estimate of $299.89 million. During the same period in the prior year, the company earned $0.39 EPS. Apple Hospitality REIT’s quarterly revenue was up 1.9% on a year-over-year basis.
Shares of NYSE:APLE opened at $18.09 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.14. Apple Hospitality REIT has a fifty-two week low of $16.72 and a fifty-two week high of $20.19. The stock has a market cap of $4.14 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66.
The company also recently announced a monthly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Thursday, August 2nd will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Wednesday, August 1st. Apple Hospitality REIT’s payout ratio is 68.97%.
In other news, insider Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction on Monday, May 14th. The stock was purchased at an average cost of $18.52 per share, with a total value of $92,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Howe & Rusling Inc. acquired a new stake in shares of Apple Hospitality REIT in the 2nd quarter worth approximately $168,000. Franklin Resources Inc. acquired a new stake in shares of Apple Hospitality REIT in the 1st quarter worth approximately $176,000. Parallel Advisors LLC lifted its stake in shares of Apple Hospitality REIT by 189.4% in the 2nd quarter. Parallel Advisors LLC now owns 11,013 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 7,207 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Apple Hospitality REIT in the 4th quarter worth approximately $213,000. Finally, Element Capital Management LLC acquired a new stake in shares of Apple Hospitality REIT in the 1st quarter worth approximately $222,000. 55.81% of the stock is owned by hedge funds and other institutional investors.
About Apple Hospitality REIT
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 242 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.
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