Apple Hospitality REIT (NYSE:APLE) is scheduled to release its earnings data after the market closes on Monday, August 5th. Analysts expect Apple Hospitality REIT to post earnings of $0.49 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). Apple Hospitality REIT had a return on equity of 5.82% and a net margin of 15.84%. The business had revenue of $303.79 million for the quarter, compared to the consensus estimate of $303.62 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts expect Apple Hospitality REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:APLE opened at $15.14 on Friday. Apple Hospitality REIT has a twelve month low of $13.81 and a twelve month high of $18.08. The company has a market capitalization of $3.52 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 1.90 and a beta of 0.82. The stock’s fifty day simple moving average is $15.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.58 and a current ratio of 0.58.
In related news, Director Redd Hugh bought 2,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average price of $15.88 per share, for a total transaction of $31,760.00. Following the completion of the purchase, the director now directly owns 92,154 shares of the company’s stock, valued at $1,463,405.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Glade M. Knight bought 5,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was bought at an average price of $16.42 per share, for a total transaction of $82,100.00. Following the purchase, the chairman now directly owns 10,128,812 shares of the company’s stock, valued at $166,315,093.04. The disclosure for this purchase can be found here. Insiders own 6.50% of the company’s stock.
Several analysts recently weighed in on APLE shares. ValuEngine upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Capital One Financial started coverage on Apple Hospitality REIT in a report on Tuesday, June 25th. They issued an “equal weight” rating and a $17.00 price objective for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus target price of $18.25.
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 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.
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