Apple Hospitality REIT Inc (NYSE:APLE) announced a monthly dividend on Wednesday, December 20th, Zacks reports. Stockholders of record on Wednesday, January 3rd will be paid a dividend of 0.10 per share by the real estate investment trust on Tuesday, January 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Tuesday, January 2nd.

Apple Hospitality REIT has a dividend payout ratio of 69.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Apple Hospitality REIT to earn $1.76 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 68.2%.

Shares of Apple Hospitality REIT (APLE) opened at $19.70 on Thursday. Apple Hospitality REIT has a twelve month low of $17.49 and a twelve month high of $20.68. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12. The firm has a market cap of $4,383.15, a P/E ratio of 19.51, a PEG ratio of 2.26 and a beta of 0.62.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The company had revenue of $324.90 million during the quarter, compared to the consensus estimate of $324.66 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. research analysts forecast that Apple Hospitality REIT will post 1.74 earnings per share for the current year.

In related news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $19.18 per share, with a total value of $95,900.00. Following the purchase, the insider now directly owns 10,046,357 shares in the company, valued at $192,689,127.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

An institutional investor recently raised its position in Apple Hospitality REIT stock. The Manufacturers Life Insurance Company raised its holdings in Apple Hospitality REIT Inc (NYSE:APLE) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,069 shares of the real estate investment trust’s stock after acquiring an additional 494 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Apple Hospitality REIT were worth $132,000 as of its most recent SEC filing. 50.91% of the stock is currently owned by hedge funds and other institutional investors.

APLE has been the subject of a number of recent analyst reports. BidaskClub raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird set a $20.00 price objective on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research note on Sunday, October 29th. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, December 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.67.

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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 October 23, 2017, the Company owned 238 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

Dividend History for Apple Hospitality REIT (NYSE:APLE)

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