Media headlines about Apple Hospitality REIT (NYSE:APLE) have trended positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apple Hospitality REIT earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Focusing the Lens on Apple Hospitality REIT Inc (APLE) Shares: Technical Update – Evergreen Caller (evergreencaller.com)
- Apple Hospitality REIT reports 2Q results (cnbc.com)
- Apple Hospitality REIT, Inc. (NYSE:APLE) reported earnings of $0.51 per share beating Walls Streets expectations. (4-traders.com)
- Apple Hospitality REIT, Inc. (NYSE:APLE) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS (americanbankingnews.com)
- Earnings Scheduled For August 7, 2017 – Benzinga (benzinga.com)
Several equities analysts have commented on the company. BidaskClub raised Apple Hospitality REIT from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Apple Hospitality REIT in a report on Tuesday, July 4th. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $20.00 price target on shares of Apple Hospitality REIT in a report on Monday, May 8th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Apple Hospitality REIT in a report on Saturday, May 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.40.
Apple Hospitality REIT (NYSE APLE) traded down 1.76% during midday trading on Tuesday, hitting $17.91. The stock had a trading volume of 1,526,751 shares. Apple Hospitality REIT has a 1-year low of $17.32 and a 1-year high of $20.68. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 25.19 and a beta of 0.60. The company’s 50 day moving average is $18.66 and its 200 day moving average is $19.13.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. Apple Hospitality REIT had a net margin of 13.01% and a return on equity of 4.38%. The business had revenue of $331.70 million during the quarter, compared to analyst estimates of $335.94 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. On average, equities analysts anticipate that Apple Hospitality REIT will post $0.97 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Thursday, August 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.70%. Apple Hospitality REIT’s payout ratio is 166.67%.
In other Apple Hospitality REIT news, insider Glade M. Knight purchased 3,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was bought at an average cost of $18.51 per share, for a total transaction of $55,530.00. Following the completion of the transaction, the insider now owns 10,015,957 shares in the company, valued at $185,395,364.07. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin G. Knight acquired 5,400 shares of the stock in a transaction on Tuesday, June 6th. The shares were purchased at an average price of $18.64 per share, with a total value of $100,656.00. Following the completion of the transaction, the insider now owns 1,005,274 shares of the company’s stock, valued at $18,738,307.36. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 13,800 shares of company stock valued at $258,732. 6.40% of the stock is owned by company insiders.
Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.
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