Wedbush Analysts Decrease Earnings Estimates for APLE

Apple Hospitality REIT, Inc. (NYSE:APLE) – Equities researchers at Wedbush reduced their FY2025 earnings estimates for Apple Hospitality REIT in a research report issued on Tuesday, March 4th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $1.58 for the year, down from their prior estimate of $1.64. The consensus estimate for Apple Hospitality REIT’s current full-year earnings is $1.60 per share. Wedbush also issued estimates for Apple Hospitality REIT’s FY2026 earnings at $1.66 EPS.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their target price on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. BMO Capital Markets initiated coverage on Apple Hospitality REIT in a report on Monday, December 9th. They issued an “outperform” rating and a $18.00 target price for the company. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $14.49 on Wednesday. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 17.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT has a one year low of $13.60 and a one year high of $16.99. The company’s 50-day moving average is $15.16 and its 200 day moving average is $15.15.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $333.04 million for the quarter, compared to the consensus estimate of $330.11 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Summit Investment Advisors Inc. grew its position in shares of Apple Hospitality REIT by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 23,850 shares of the real estate investment trust’s stock valued at $366,000 after acquiring an additional 755 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of 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 worth $241,000 after acquiring an additional 921 shares during the period. Quadrant Capital Group LLC raised its stake in Apple Hospitality REIT by 20.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 1,128 shares during the period. Inspire Advisors LLC raised its stake in Apple Hospitality REIT by 8.5% during the 4th quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,137 shares during the period. Finally, Keybank National Association OH lifted its holdings in Apple Hospitality REIT by 3.1% in the 4th quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 1,218 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Friday, February 28th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 109.09%.

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.