Apple Hospitality REIT (APLE) to Release Quarterly Earnings on Monday

Apple Hospitality REIT (NYSE:APLE) is expected to be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $330.11 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Apple Hospitality REIT Trading Down 3.2 %

Shares of NYSE:APLE opened at $14.79 on Friday. Apple Hospitality REIT has a 1 year low of $13.60 and a 1 year high of $16.99. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The business’s 50 day moving average price is $15.29 and its 200-day moving average price is $15.11.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.49%. The ex-dividend date is Friday, February 28th. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APLE shares. BMO Capital Markets started coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They issued an “outperform” rating and a $18.00 price objective for the company. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Oppenheimer reissued an “outperform” rating and issued a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Wells Fargo & Company reduced their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.80.

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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.