2 weeks Ago By ABMN Staff
Apple Hospitality REIT, Inc. ( NYSE:APLE – Free Report ) – Research analysts at B. Riley reduced their FY2024 EPS estimates for shares of Apple Hospitality REIT in a research note issued to investors on Monday, November 11th.
B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $1.
61 for the year, down from their prior estimate of $1.63. The consensus estimate for Apple Hospitality REIT’s current full-year earnings is $1.
60 per share. B. Riley also issued estimates for Apple Hospitality REIT’s Q2 2025 earnings at $0.
53 EPS and Q3 2026 earnings at $0.49 EPS. Apple Hospitality REIT ( NYSE:APLE – Get Free Report ) last released its quarterly earnings data on Monday, November 4th.
The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.
22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.
17%. The business had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.
56 million. During the same period last year, the company posted $0.45 earnings per share.
Check Out Our Latest Report on APLE Apple Hospitality REIT Trading Down 1.9 % Apple Hospitality REIT stock opened at $15.60 on Wednesday.
Apple Hospitality REIT has a one year low of $13.60 and a one year high of $17.90.
The business’s fifty day moving average is $14.98 and its 200 day moving average is $14.65.
The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.
04. The stock has a market capitalization of $3.74 billion, a PE ratio of 18.
35 and a beta of 1.11. Apple Hospitality REIT Dividend Announcement The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th.
Shareholders of record on Thursday, October 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 31st.
This represents a $0.96 dividend on an annualized basis and a yield of 6.16%.
Apple Hospitality REIT’s dividend payout ratio is currently 112.94%. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently modified their holdings of APLE.
GAMMA Investing LLC raised its holdings in Apple Hospitality REIT by 40.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 780 shares during the period.
Amalgamated Bank increased its position in Apple Hospitality REIT by 1.2% in the second quarter. Amalgamated Bank now owns 68,525 shares of the real estate investment trust’s stock worth $996,000 after buying an additional 813 shares in the last quarter.
First Trust Direct Indexing L.P. raised its stake in shares of Apple Hospitality REIT by 6.
0% in the third quarter. First Trust Direct Indexing L.P.
now owns 16,212 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 921 shares during the period. Ellis Investment Partners LLC lifted its position in shares of Apple Hospitality REIT by 4.6% during the 3rd quarter.
Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 948 shares in the last quarter. Finally, Inspire Advisors LLC grew its stake in shares of Apple Hospitality REIT by 8.2% during the 3rd quarter.
Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 1,008 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.
About Apple Hospitality REIT ( Get Free Report ) 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. Read More 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.
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