Equities research analysts expect that Apple Hospitality REIT Inc (NYSE:APLE) will report sales of $344.71 million for the current fiscal quarter, according to Zacks . Four analysts have provided estimates for Apple Hospitality REIT’s earnings. The highest sales estimate is $348.78 million and the lowest is $337.26 million. Apple Hospitality REIT posted sales of $331.
70 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.
9%. The firm is expected to announce its next earnings report on Monday, August 6th.
According to Zacks, analysts expect that Apple Hospitality REIT will report full-year sales of $1.28 billion for the current year, with estimates ranging from $1.26 billion to $1.29 billion.
For the next fiscal year, analysts expect that the business will report sales of $1.32 billion per share, with estimates ranging from $1.
31 billion to $1.33 billion.
Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Apple Hospitality REIT. Get Apple Hospitality REIT alerts:
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.21).
Apple Hospitality REIT had a return on equity of 5.
38% and a net margin of 15.30%. The company had revenue of $298.
40 million for the quarter, compared to analyst estimates of $299.89 million. During the same period in the prior year, the business earned $0.39 earnings per share.
Apple Hospitality REIT’s revenue for the quarter was up 1.9% compared to the same quarter last year. Several brokerages recently weighed in on APLE. TheStreet raised Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, May 18th. Zacks Investment Research downgraded Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. B. Riley set a $20.00 price target on Apple Hospitality REIT and gave the stock a “hold” rating in a report on Tuesday, May 8th.
Barclays reaffirmed an “equal weight” rating and set a $20.00 price target (down from $21.00) on shares of Apple Hospitality REIT in a report on Tuesday, February 27th. Finally, Robert W.
Baird set a $20.00 price target on Apple Hospitality REIT and gave the stock a “buy” rating in a report on Monday, February 26th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Apple Hospitality REIT currently has an average rating of “Hold” and a consensus price target of $20.
In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction on Monday, May 14th. The stock was purchased at an average price of $18.
52 per share, for a total transaction of $92,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, EVP Nelson Knight acquired 4,313 shares of the business’s stock in a transaction on Thursday, March 15th.
The stock was acquired at an average price of $17.35 per share, with a total value of $74,830.55. The disclosure for this purchase can be found here .
Corporate insiders own 6.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Global X Management Co.
LLC raised its position in Apple Hospitality REIT by 21.7% in the fourth quarter. Global X Management Co. LLC now owns 90,763 shares of the real estate investment trust’s stock worth $1,780,000 after acquiring an additional 16,175 shares in the last quarter. Aperio Group LLC raised its position in Apple Hospitality REIT by 63.0% in the fourth quarter.
Aperio Group LLC now owns 200,255 shares of the real estate investment trust’s stock worth $3,927,000 after acquiring an additional 77,379 shares in the last quarter. Millennium Management LLC raised its position in Apple Hospitality REIT by 34.
9% in the fourth quarter. Millennium Management LLC now owns 1,692,008 shares of the real estate investment trust’s stock worth $33,180,000 after acquiring an additional 437,618 shares in the last quarter. Amundi Pioneer Asset Management Inc.
purchased a new position in Apple Hospitality REIT in the fourth quarter worth $3,162,000. Finally, HighPoint Advisor Group LLC raised its position in Apple Hospitality REIT by 74.5% in the fourth quarter.
HighPoint Advisor Group LLC now owns 18,195 shares of the real estate investment trust’s stock worth $330,000 after acquiring an additional 7,766 shares in the last quarter. Hedge funds and other institutional investors own 55.98% of the company’s stock.
Shares of Apple Hospitality REIT traded down $0.15, hitting $18.57, during mid-day trading on Friday, according to MarketBeat .
1,122,747 shares of the company were exchanged, compared to its average volume of 1,404,039. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.06 and a quick ratio of 0.06. Apple Hospitality REIT has a 1-year low of $16.72 and a 1-year high of $20.
19. The company has a market cap of $4.31 billion, a PE ratio of 10.67, a P/E/G ratio of 2.15 and a beta of 0.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 18th. Shareholders of record on Monday, June 4th will be given a $0.10 dividend.
This represents a $1.20 annualized dividend and a yield of 6.46%. The ex-dividend date is Friday, June 1st. Apple Hospitality REIT’s payout ratio is 68.
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 portfolios of upscale, select-service hotels in the United States. The Company’s highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.
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