Apple Hospitality REIT (APLE) Projected to Post Quarterly Earnings on Thursday

Apple Hospitality REIT (NYSE:APLE) is expected to announce its Q1 2025 earnings results after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.33 per share and revenue of $332.86 million for the quarter.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $333.04 million for the quarter, compared to analyst estimates of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. On average, analysts expect Apple Hospitality REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Apple Hospitality REIT Stock Down 0.7 %

Shares of NYSE APLE opened at $11.86 on Wednesday. The stock has a market capitalization of $2.83 billion, a PE ratio of 13.95 and a beta of 1.00. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT has a 12-month low of $10.44 and a 12-month high of $16.50. The stock’s fifty day simple moving average is $12.89 and its two-hundred day simple moving average is $14.55.

Apple Hospitality REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.09%. The ex-dividend date of this dividend is Wednesday, April 30th. Apple Hospitality REIT’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

Several equities analysts have issued reports on APLE shares. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company reduced their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Apple Hospitality REIT presently has an average rating of “Moderate Buy” and an average price target of $16.80.

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.