B. Riley Expects Reduced Earnings for Apple Hospitality REIT

Apple Hospitality REIT, Inc. (NYSE:APLE) – Research analysts at B. Riley dropped their FY2024 earnings per share (EPS) estimates for Apple Hospitality REIT in a report issued 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 previous forecast 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.

APLE has been the topic of a number of other reports. Oppenheimer reiterated an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.50.

Apple Hospitality REIT Trading Down 0.5 %

NYSE APLE opened at $15.91 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.75 and a current ratio of 0.04. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 18.72 and a beta of 1.11. The firm has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $14.64. Apple Hospitality REIT has a one year low of $13.60 and a one year high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The firm had revenue of $378.84 million for the quarter, compared to analysts’ expectations of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same quarter last year, the business earned $0.45 earnings per share.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.03%. Apple Hospitality REIT’s payout ratio is currently 112.94%.

Institutional Trading of Apple Hospitality REIT

A number of institutional investors have recently bought and sold shares of APLE. GAMMA Investing LLC raised its position 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 valued at $40,000 after purchasing an additional 780 shares during the last quarter. Amalgamated Bank increased its stake 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 valued at $996,000 after purchasing an additional 813 shares during the period. First Trust Direct Indexing L.P. increased its stake in 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 valued at $241,000 after purchasing an additional 921 shares during the period. Ellis Investment Partners LLC raised its holdings in shares of Apple Hospitality REIT by 4.6% in the third 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 during the last quarter. Finally, Inspire Advisors LLC boosted its stake in shares of Apple Hospitality REIT by 8.2% during the third quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 1,008 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

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, 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.