Positive News Coverage Somewhat Unlikely to Impact Apple Hospitality REIT (APLE) Share Price
Media headlines about Apple Hospitality REIT (NYSE:APLE) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to 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 press coverage about the real estate investment trust an impact score of 46.9010288719706 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have issued reports on APLE. B. Riley set a $20.00 price objective on Apple Hospitality REIT and gave the stock a “hold” rating in a report on Tuesday, May 8th. ValuEngine downgraded Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. TheStreet downgraded Apple Hospitality REIT from a “b” rating to a “c” rating in a report on Thursday, February 8th. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, Robert W. Baird set a $20.00 price objective on Apple Hospitality REIT and gave the stock a “buy” rating in a report on Monday, February 26th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.
Shares of Apple Hospitality REIT opened at $19.03 on Friday, Marketbeat.com reports. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.64. Apple Hospitality REIT has a 52 week low of $16.72 and a 52 week high of $20.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.06 and a quick ratio of 0.06.
The firm also recently announced a monthly dividend, which will be paid on Monday, June 18th. Shareholders of record on Monday, June 4th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Friday, June 1st. Apple Hospitality REIT’s payout ratio is 68.97%.
In other news, Director Redd Hugh acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average price of $16.91 per share, for a total transaction of $84,550.00. Following the transaction, the director now directly owns 75,840 shares in the company, valued at $1,282,454.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Glade M. Knight acquired 10,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was purchased at an average price of $17.16 per share, with a total value of $171,600.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,113 shares of company stock valued at $472,245 in the last quarter. Corporate insiders own 6.30% of the company’s stock.
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 portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.
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