Apple Hospitality REIT, Inc. (NYSE:APLE) Shareholders to Collect $0.08 Monthly Dividend

Apple Hospitality REIT, Inc. (NYSE:APLE) declared a monthly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be given a dividend of $0.08 per share by the real estate investment trust on Monday, November 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, October 30th.

Apple Hospitality REIT has raised its dividend by an average of 0.3% annually over the last three years. Apple Hospitality REIT has a payout ratio of 124.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Apple Hospitality REIT to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 61.1%.

Apple Hospitality REIT Trading Up 1.9%

APLE traded up $0.33 during trading on Wednesday, reaching $18.15. The company had a trading volume of 1,117,342 shares, compared to its average volume of 2,879,018. The firm’s 50-day simple moving average is $16.13 and its 200 day simple moving average is $15.45. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 3.37 and a beta of 0.92. Apple Hospitality REIT has a 12-month low of $10.85 and a 12-month high of $18.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.73 and a current ratio of 0.73.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Apple Hospitality REIT had a return on equity of 5.56% and a net margin of 12.17%. The firm had revenue of $402.55 million for the quarter, compared to the consensus estimate of $391.88 million. Equities research analysts anticipate that Apple Hospitality REIT will post 1.60 earnings per share for the current year.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a self-administered and self-managed real estate investment trust that owns a portfolio of upscale, select-service hotels across the United States. The company’s properties primarily operate under well-known hospitality brands affiliated with Marriott International, Hilton Worldwide Holdings and Hyatt Hotels Corporation.

Apple Hospitality’s hotels provide lodging and related guest services, including accommodations, meeting facilities, food and beverage offerings, and other amenities.