B. Riley Cuts Earnings Estimates for Apple Hospitality REIT

Apple Hospitality REIT, Inc. (NYSE:APLE) – Investment analysts at B. Riley cut their FY2026 earnings per share (EPS) estimates for Apple Hospitality REIT in a research note issued on Monday, November 11th. B. Riley analyst B. Maher now expects that the real estate investment trust will earn $1.76 per share for the year, down from their previous forecast of $1.77. The consensus estimate for Apple Hospitality REIT’s current full-year earnings is $1.60 per share.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. During the same quarter last year, the business posted $0.45 EPS.

A number of other brokerages have also recently issued reports on APLE. Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. StockNews.com cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Oppenheimer restated an “outperform” rating and set a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.50.

Apple Hospitality REIT Trading Down 0.6 %

Apple Hospitality REIT stock opened at $15.50 on Thursday. Apple Hospitality REIT has a 1 year low of $13.60 and a 1 year high of $17.90. The firm’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $14.66. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 18.23 and a beta of 1.11. 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.20%. Apple Hospitality REIT’s dividend payout ratio is 112.94%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new position in Apple Hospitality REIT during the 2nd quarter valued at about $26,000. Quarry LP lifted its position in shares of Apple Hospitality REIT by 127.5% in the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,290 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Apple Hospitality REIT by 40.4% during the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 780 shares during the period. Covestor Ltd grew its position in Apple Hospitality REIT by 115.6% during the first quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 2,313 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Apple Hospitality REIT by 4,406.5% in the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 5,420 shares during the period. 89.66% of the stock is owned by institutional investors and hedge funds.

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.