Brokerages Expect Apple Hospitality REIT, Inc. (NYSE: APLE) to Report Earnings of $ 0.24 per Share
Equity research analysts predict that Apple Hospitality REIT, Inc. (NYSE: APLE) will post earnings per share (EPS) of $ 0.24 for the current quarter, Zacks Investment Research reports. Three analysts have released earnings estimates for Apple Hospitality REIT. The lowest EPS estimate is $ 0.19 and the highest is $ 0.26. Apple Hospitality REIT posted earnings per share of ($ 0.01) in the same quarter of last year, which would indicate a positive year-over-year growth rate of 2,500%. The company is expected to release its next quarterly earnings report on Tuesday, February 22.
On average, analysts expect Apple Hospitality REIT to report annual earnings of $ 0.86 per share for the current fiscal year, with EPS estimates ranging from $ 0.69 to $ 0.92. For the next fiscal year, analysts expect the company to report earnings of $ 1.44 per share, with EPS estimates ranging from $ 1.25 to $ 1.62. Zacks’ EPS averages are an average based on a survey of research analysts who cover Apple Hospitality REIT.
Apple Hospitality REIT (NYSE: APLE) last released its quarterly earnings data on Thursday, November 4. The real estate investment trust reported earnings per share (EPS) of $ 0.14 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.30 ($ 0.16). Apple Hospitality REIT posted a negative return on equity of 1.49% and a negative net margin of 5.58%. During the same period last year, the company made a profit of $ 0.04 per share.
Several brokerage houses have recently weighed on APLE. Barclays downgraded Apple Hospitality REIT from ‘on par’ to ‘overweight’ and raised its target price for the stock from $ 17.00 to $ 19.00 in a report released on Wednesday, September 1 . TheStreet downgraded Apple Hospitality REIT shares from a “c” to a “b-” rating in a research report released on Friday, November 19. Finally, Wells Fargo & Company downgraded shares of Apple Hospitality REIT from an “equal weight” rating to an “underweight” rating in a research report released on Monday, October 18. One research analyst rated the stock with a sell rating, another issued a conservation rating, and two assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average “Hold” rating and a consensus target price of $ 17.67.
In other news from Apple Hospitality REIT, Director Kristian M. Gathright sold 5,642 shares of the company in a trade on Thursday, November 4. The shares were sold for an average price of $ 16.75, for a total value of $ 94,503.50. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, Chairman Glade M. Knight purchased 5,000 shares of the company in a transaction dated Tuesday, November 9. The shares were purchased at an average price of $ 16.04 per share, for a total value of $ 80,200.00. Disclosure of this purchase can be found here. Company insiders own 7.00% of the company’s shares.
A number of hedge funds and other institutional investors have recently bought and sold shares. IFP Advisors Inc increased its stake in Apple Hospitality REIT by 719.4% in the second quarter. IFP Advisors Inc now owns 2,278 real estate investment trust shares valued at $ 35,000 after purchasing an additional 2,000 shares in the last quarter. Capital Analysts LLC purchased a new position in Apple Hospitality REIT in the third quarter valued at approximately $ 40,000. FMR LLC increased its stake in Apple Hospitality REIT by 70.7% in the second quarter. FMR LLC now owns 2,613 real estate investment trust shares valued at $ 40,000 after purchasing an additional 1,082 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Apple Hospitality REIT in the second quarter valued at approximately $ 61,000. Finally, Herold Advisors Inc. purchased a new position in Apple Hospitality REIT in the third quarter valued at approximately $ 88,000. 77.95% of the shares are held by hedge funds and other institutional investors.
Apple Hospitality REIT shares traded up $ 0.04 on Thursday, reaching $ 15.85. 1,309,786 shares of the company were traded, for an average volume of 1,970,062. The stock has a market cap of $ 3.62 billion, a PE ratio of -75.48 and a beta of 1.21 . The 50-day moving average for the stock is $ 15.82. Apple Hospitality REIT has a one-year low at $ 12.29 and a one-year high at $ 17.44. The company has a quick ratio of 0.93, a current ratio of 0.93, and a debt ratio of 0.47.
The company also recently announced a quarterly dividend, which was paid on Monday, October 18. Investors of record on Thursday, September 30, received a dividend of $ 0.01 per share. The ex-dividend date of this dividend was Wednesday, September 29. This represents a dividend of $ 0.04 on an annualized basis and a dividend yield of 0.25%. Apple Hospitality REIT’s payout ratio is currently -19.05%.
Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc is a self-advised real estate investment trust company that invests in income producing real estate, primarily in the hospitality industry. It owns hotels in urban, high-end suburban and developing markets across states that operate under the Marriott, Hilton or Hyatt brands.
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