Capital One Financial Equities Analysts Cut Earnings Estimates for Apple Hospitality REIT Inc (NYSE:APLE)

Share on StockTwits

Apple Hospitality REIT Inc (NYSE:APLE) – Analysts at Capital One Financial dropped their FY2019 earnings estimates for Apple Hospitality REIT in a report released on Thursday, August 8th. Capital One Financial analyst N. Malkin now anticipates that the real estate investment trust will earn $1.66 per share for the year, down from their prior forecast of $1.67. Capital One Financial currently has a “Equal Weight” rating and a $17.00 target price on the stock. Capital One Financial also issued estimates for Apple Hospitality REIT’s Q4 2019 earnings at $0.33 EPS and Q4 2020 earnings at $0.33 EPS.

APLE has been the subject of several other reports. Barclays raised Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price target for the company in a report on Monday. ValuEngine raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Apple Hospitality REIT presently has an average rating of “Hold” and an average price target of $18.25.

NYSE:APLE opened at $15.75 on Monday. The firm has a market cap of $3.53 billion, a PE ratio of 9.16, a P/E/G ratio of 1.86 and a beta of 0.82. The business’s 50 day moving average price is $15.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT has a 1-year low of $13.81 and a 1-year high of $17.99.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The business had revenue of $341.12 million during the quarter, compared to analysts’ expectations of $340.44 million. Apple Hospitality REIT had a return on equity of 5.75% and a net margin of 15.44%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Apple Hospitality REIT by 6.5% during the 1st quarter. BlackRock Inc. now owns 17,555,764 shares of the real estate investment trust’s stock valued at $286,160,000 after acquiring an additional 1,063,975 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Apple Hospitality REIT by 8.4% during the 2nd quarter. Prudential Financial Inc. now owns 4,786,671 shares of the real estate investment trust’s stock valued at $75,917,000 after acquiring an additional 369,771 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Apple Hospitality REIT by 175.0% during the 2nd quarter. Schroder Investment Management Group now owns 4,771,948 shares of the real estate investment trust’s stock valued at $75,683,000 after acquiring an additional 3,036,672 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Apple Hospitality REIT by 19.6% during the 2nd quarter. Renaissance Technologies LLC now owns 4,076,488 shares of the real estate investment trust’s stock valued at $64,653,000 after acquiring an additional 668,400 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Apple Hospitality REIT by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,552,907 shares of the real estate investment trust’s stock valued at $50,663,000 after acquiring an additional 70,176 shares in the last quarter. Institutional investors own 56.90% of the company’s stock.

In other Apple Hospitality REIT news, Director Redd Hugh purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $15.88 per share, for a total transaction of $31,760.00. Following the purchase, the director now owns 92,154 shares in the company, valued at approximately $1,463,405.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Glade M. Knight purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $15.39 per share, for a total transaction of $76,950.00. Following the purchase, the insider now owns 10,133,812 shares in the company, valued at approximately $155,959,366.68. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 12,000 shares of company stock worth $190,810. Corporate insiders own 6.50% of the company’s stock.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 7.62%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 69.77%.

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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.

Featured Story: How do analysts define an oversold condition?

Earnings History and Estimates for Apple Hospitality REIT (NYSE:APLE)

Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

888 Holdings Public’s  Buy Rating Reaffirmed at Peel Hunt
888 Holdings Public’s Buy Rating Reaffirmed at Peel Hunt
Head to Head Comparison: Frontdoor  versus SSLJ.Com
Head to Head Comparison: Frontdoor versus SSLJ.Com
Financial Survey: Pharma Bio Serv  vs. Booz Allen Hamilton
Financial Survey: Pharma Bio Serv vs. Booz Allen Hamilton
Fanhua  versus Its Competitors Head-To-Head Analysis
Fanhua versus Its Competitors Head-To-Head Analysis
Vectura Group’s  “Hold” Rating Reiterated at Peel Hunt
Vectura Group’s “Hold” Rating Reiterated at Peel Hunt
Redrow  Earns Buy Rating from Peel Hunt
Redrow Earns Buy Rating from Peel Hunt


 
© 2006-2019 Zolmax.