Apple Hospitality REIT (APLE) – Research Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Apple Hospitality REIT (NYSE: APLE):

• 11/22/2024 – Apple Hospitality REIT was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/14/2024 – Apple Hospitality REIT was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/8/2024 – Apple Hospitality REIT had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $18.00 price target on the stock, up previously from $17.00.
• 11/6/2024 – Apple Hospitality REIT was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/28/2024 – Apple Hospitality REIT was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/4/2024 – Apple Hospitality REIT had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $17.00 price target on the stock.

Apple Hospitality REIT Price Performance

Shares of APLE traded up $0.30 during mid-day trading on Monday, reaching $16.41. The stock had a trading volume of 489,612 shares, compared to its average volume of 2,036,980. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 19.31 and a beta of 1.11. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $17.90. The business has a fifty day moving average of $15.16 and a 200 day moving average of $14.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $378.84 million for the quarter, compared to analysts’ expectations of $377.56 million. During the same period in the previous year, the company earned $0.45 EPS. Equities analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

Hedge Funds Weigh In On Apple Hospitality REIT

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in shares of Apple Hospitality REIT by 17.2% in the second quarter. Victory Capital Management Inc. now owns 6,019,115 shares of the real estate investment trust’s stock worth $87,518,000 after buying an additional 881,217 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Apple Hospitality REIT by 400.8% in the second quarter. Edgestream Partners L.P. now owns 638,625 shares of the real estate investment trust’s stock valued at $9,286,000 after purchasing an additional 511,100 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Apple Hospitality REIT by 911.1% in the second quarter. Westwood Holdings Group Inc. now owns 388,414 shares of the real estate investment trust’s stock valued at $5,648,000 after purchasing an additional 350,000 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Apple Hospitality REIT by 3,768.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 348,156 shares of the real estate investment trust’s stock valued at $5,062,000 after purchasing an additional 339,156 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in Apple Hospitality REIT in the third quarter worth approximately $4,285,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

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.