Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) declared a monthly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders 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 yield of 6.34%. The ex-dividend date is Monday, April 29th.
Apple Hospitality REIT has raised its dividend by an average of 47.4% per year over the last three years.
Apple Hospitality REIT Stock Performance
NYSE APLE traded up $0.21 on Friday, reaching $15.14. The stock had a trading volume of 1,778,781 shares, compared to its average volume of 1,901,519. 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 firm has a fifty day moving average of $16.16 and a two-hundred day moving average of $16.25. Apple Hospitality REIT has a 1-year low of $14.22 and a 1-year high of $17.90. The company has a market cap of $3.67 billion, a P/E ratio of 19.35 and a beta of 1.08.
Institutional Trading of Apple Hospitality REIT
Analysts Set New Price Targets
A number of research analysts have commented on APLE shares. StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $18.00 in a report on Monday, January 8th. Finally, Wells Fargo & Company increased their target price on Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.40.
Read Our Latest Report on APLE
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 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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