Apple Hospitality REIT (APLE) Expected to Post Earnings of $0.51 Per Share Posted by Stephan Jacobs | Jun 13th, 2018
Brokerages expect Apple Hospitality REIT (NYSE:APLE) to post $0.51 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research . Four analysts have provided estimates for Apple Hospitality REIT’s earnings. The lowest EPS estimate is $0.
50 and the highest is $0.53.
Apple Hospitality REIT also posted earnings of $0.
51 per share during the same quarter last year. The company is expected to announce its next earnings results on Monday, August 6th.
On average, analysts expect that Apple Hospitality REIT will report full-year earnings of $1.75 per share for the current financial year, with EPS estimates ranging from $1.
72 to $1.79. For the next year, analysts forecast that the company will report earnings of $1.77 per share, with EPS estimates ranging from $1.
75 to $1.81. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Apple Hospitality REIT. Get Apple Hospitality REIT alerts:
Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Zacks’ 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 firm 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 posted $0.39 EPS.
The firm’s quarterly revenue was up 1.9% compared to the same quarter last year.
APLE has been the subject of a number of research reports.
TheStreet downgraded Apple Hospitality REIT from a “b” rating to a “c” rating in a report on Thursday, February 8th.
Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. ValuEngine downgraded Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Robert W. Baird set a $20.
00 target price on Apple Hospitality REIT and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $20.00 price target (down previously from $21.00) on shares of Apple Hospitality REIT in a research note on Tuesday, February 27th.
Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.00.
APLE opened at $18.
62 on Friday. Apple Hospitality REIT has a fifty-two week low of $16.72 and a fifty-two week high of $20.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.06 and a quick ratio of 0.06.
The firm has a market cap of $4.24 billion, a PE ratio of 10.70, a PEG ratio of 2.11 and a beta of 0.64.
The business also recently declared a monthly dividend, which was paid on Tuesday, May 15th. Investors of record on Wednesday, May 2nd were paid a $0.
This represents a $1.
20 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend was Tuesday, May 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 68.97%.
In related news, insider Justin G. Knight purchased 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th.
The stock was acquired at an average price of $17.38 per share, with a total value of $48,664.00.
Following the completion of the purchase, the insider now directly owns 1,109,681 shares in the company, valued at $19,286,255.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Glade M. Knight bought 5,000 shares of the stock in a transaction on Monday, May 14th.
The shares were acquired at an average cost of $18.52 per share, with a total value of $92,600.00. The disclosure for this purchase can be found here . In the last ninety days, insiders purchased 38,504 shares of company stock valued at $665,862.
6.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business.
US Bancorp DE raised its stake in Apple Hospitality REIT by 132.3% during the fourth quarter.
US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 3,120 shares in the last quarter. Franklin Resources Inc. acquired a new position in Apple Hospitality REIT during the first quarter worth about $176,000. Cambridge Investment Research Advisors Inc. acquired a new position in Apple Hospitality REIT during the fourth quarter worth about $213,000. Public Employees Retirement Association of Colorado raised its stake in Apple Hospitality REIT by 67.
7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 4,468 shares in the last quarter. Finally, Evermay Wealth Management LLC acquired a new position in Apple Hospitality REIT during the fourth quarter worth about $218,000. 55.83% of the stock is owned by hedge funds and other institutional investors.
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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