Apple Hospitality REIT (NYSE:APLE – Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12), Zacks reports. Apple Hospitality REIT had a return on equity of 5.54% and a net margin of 13.21%. The business had revenue of $329.51 million during the quarter, compared to analyst estimates of $324.68 million. During the same period in the prior year, the firm earned $0.34 EPS.
Apple Hospitality REIT Trading Down 1.1 %
Shares of NYSE APLE opened at $14.70 on Thursday. Apple Hospitality REIT has a one year low of $14.22 and a one year high of $17.90. The business has a 50-day moving average price of $15.87 and a two-hundred day moving average price of $16.21. 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 has a market capitalization of $3.56 billion, a PE ratio of 17.09 and a beta of 1.10.
Apple Hospitality REIT Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.53%. The ex-dividend date is Monday, April 29th. Apple Hospitality REIT’s dividend payout ratio is currently 111.63%.
Wall Street Analyst Weigh In
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.
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