Apple Hospitality REIT (NYSE:APLE - Get Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, February 21st. Analysts expect Apple Hospitality REIT to post earnings of $0.33 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.
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Shares of NYSE APLE opened at $17.57 on Tuesday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 0.39 and a beta of 1.18. Apple Hospitality REIT has a 52 week low of $13.79 and a 52 week high of $18.69. The company's 50-day moving average price is $16.63 and its 200 day moving average price is $16.25. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.46%. Apple Hospitality REIT's payout ratio is 139.13%.
Separately, Wells Fargo & Company increased their price objective on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, February 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.75.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Apple Hospitality REIT by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 33,258,207 shares of the real estate investment trust's stock valued at $597,649,000 after purchasing an additional 452,722 shares in the last quarter. State Street Corp lifted its holdings in shares of Apple Hospitality REIT by 0.5% during the 2nd quarter. State Street Corp now owns 10,438,176 shares of the real estate investment trust's stock worth $153,128,000 after acquiring an additional 49,411 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apple Hospitality REIT by 37.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,480,292 shares of the real estate investment trust's stock worth $80,511,000 after acquiring an additional 1,215,575 shares during the period. Northern Trust Corp lifted its holdings in shares of Apple Hospitality REIT by 9.8% during the 1st quarter. Northern Trust Corp now owns 2,964,656 shares of the real estate investment trust's stock worth $53,274,000 after acquiring an additional 265,144 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Apple Hospitality REIT by 24.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,424,190 shares of the real estate investment trust's stock worth $35,563,000 after acquiring an additional 477,576 shares during the period. 79.39% of the stock is currently owned by hedge funds and other institutional investors.
Apple Hospitality REIT, Inc is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands.
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