Apple Hospitality REIT (NYSE:APLE) is set to reveal its earnings data on Tuesday, May 2nd, which is expected to show earnings of $0.34 per share for the quarter. Those interested in attending the company’s earnings conference call can register at a specified link. With a market capitalization of $3.53 billion, a PE ratio of 24.03 and a price-to-earnings-growth ratio of 0.49, Apple Hospitality REIT stock opened at $15.38 on Tuesday.
Furthermore, Apple Hospitality recently announced their monthly dividend payment that will be made on Monday, May 15th, whereby shareholders recorded as of April 28th will receive an $0.08 dividend. This also represents an annual dividend payout of $0.96 and a yearly yield rate of 6.24%. The ex-dividend date for the stocks is slated for Thursday, April 27th with the business’s dividend payout ratio currently sitting at 150%.
With regards to analysts’ reports of the company’s stock evaluations and ratings, two analysts have rated the stock with a “hold” rating whilst three have provided it with a “buy” rating – based on Bloomberg reports indicating that Apple Hospitality REIT is currently ranked as “Moderate Buy” and has an average price target score of $18.00.
In conclusion, APLE appears to be a worthwhile investment opportunity given that it gives investors reasonably-priced returns as indicated through its high yield rate despite being unlikely to generate significant windfall gains in stock valuation over time while still maintaining a moderately-strong average rating amongst market analysts surveyed by Bloomberg Intelligence.
Apple Hospitality REIT: Mixed Ratings from Analysts but Interest Growing Among Institutional Investors and Hedge Funds
Apple Hospitality REIT, a real estate investment trust that owns 234 hotels located in 87 market areas throughout the United States, has been under the microscope of research analysts. StockNews.com began coverage on Apple Hospitality REIT and issued a “hold” rating on the stock. Compass Point lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and cut their target price for the company. However, Wells Fargo & Company upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating, showing their optimism regarding its prospects.
The company’s average rating according to Bloomberg is currently listed as a moderate buy with an average price target of $18.00. In related news, Chairman Glade M. Knight recently acquired 5,000 shares of the company’s stock in late February at an average cost of $16.90 per share. Following the acquisition, the chairman now directly owns more than 500,000 shares in the company.
As institutional investors and hedge funds continued to evaluate their positions on Apple Hospitality REIT during recent times; some made significant changes while others remained steady. Truist Financial Corp lifted its stake by nearly 62% during Q4 2020 while Lazard Asset Management LLC grew its position slightly by about 32%. Schonfeld Strategic Advisors LLC raised its stake by over 1,600%, demonstrating high confidence in its growth potential whereas Sherbrooke Park Advisers LLC entered as a new investor with a value of approximately $256k.
All these factors taken together show that although there might be differences in opinion between research analysts regarding the future prospects of Apple Hospitality REIT; there are still strong indications that it has potential for growth and is worth considering as an investment opportunity for those looking towards expanding their portfolio with companies that have historically performed well and continue to show promise especially given its Chairman’s recent purchase plus growing interest from institutional investors and hedge funds.
