Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) declared a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.08 per share by the real estate investment trust on Wednesday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 6.34%. The ex-dividend date of this dividend is Monday, April 29th.
Apple Hospitality REIT has raised its dividend by an average of 47.4% annually over the last three years.
Apple Hospitality REIT Stock Performance
Shares of APLE stock opened at $15.15 on Friday. Apple Hospitality REIT has a 12 month low of $14.22 and a 12 month high of $17.90. The stock has a market capitalization of $3.67 billion, a P/E ratio of 19.42 and a beta of 1.08. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $16.14 and its 200 day moving average is $16.25.
Hedge Funds Weigh In On Apple Hospitality REIT
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $18.00 in a report on Monday, January 8th. Wells Fargo & Company lifted their target price on Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Finally, StockNews.com downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.40.
View Our Latest Analysis on Apple Hospitality REIT
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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