Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) declared a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.08 per share by the real estate investment trust on Wednesday, May 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date is Monday, April 29th.
Apple Hospitality REIT has increased its dividend payment by an average of 47.4% annually over the last three years.
Apple Hospitality REIT Trading Up 1.5 %
Shares of NYSE APLE opened at $15.15 on Friday. Apple Hospitality REIT has a 1-year low of $14.22 and a 1-year high of $17.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50 day moving average is $16.14 and its two-hundred day moving average is $16.25. The stock has a market capitalization of $3.67 billion, a P/E ratio of 19.42 and a beta of 1.08.
Institutional Investors Weigh In On Apple Hospitality REIT
Wall Street Analyst Weigh In
APLE has been the subject of a number of recent research reports. Bank of America cut Apple Hospitality REIT from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $18.00 in a report on Monday, January 8th. StockNews.com lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Finally, Wells Fargo & Company increased their target price on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus price target of $18.40.
View Our Latest Research Report on APLE
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 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.
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