Oppenheimer Maintains Outperform on Apple Hospitality REIT, Lowers Price Target to $17
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
0mins
Should l Buy APLE?
Source: Benzinga
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Analyst Views on APLE
Wall Street analysts forecast APLE stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 13.000
Low
13.00
Averages
13.33
High
14.00
Current: 13.000
Low
13.00
Averages
13.33
High
14.00
About APLE
Apple Hospitality REIT, Inc. is a real estate investment trust (REIT) that owns a diverse portfolio of upscale, rooms-focused hotels in the United States. The Company is self-advised and invests in income-producing real estate. The hotels are operated and managed under separate management agreements with one of 16 hotel management companies, none of which are affiliated with the Company. The Company's portfolio consists of approximately 217 hotels with approximately 29,600 guest rooms located in 84 markets throughout 37 states and the District of Columbia. The Company’s portfolio consists of 96 Marriott-branded hotels, 115 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. The Company's brands include Hilton Garden Inn, Courtyard, Hampton, Residence Inn, Homewood Suites, Fairfield, Home2 Suites, SpringHill Suites, TownePlace Suites, Embassy Suites, AC Hotels, Hyatt Place, Hyatt House, Marriott, Motto, Independent, and Aloft Hotels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apple Hospitality Declares $0.08 Monthly Dividend
- Monthly Dividend Announcement: Apple Hospitality (APLE) declares a monthly dividend of $0.08 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Yield Analysis: The forward yield of 7.4% reflects the company's appeal in the current market environment, potentially increasing investor interest in its stock, particularly among high-yield investors.
- Shareholder Record Dates: The dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, providing investors with a clear timeline for investment decisions.
- Market Reaction Expectations: Apple Hospitality's stable dividend policy, combined with its asset optimization and management transition strategies, may enhance its stock price in the future, boosting market confidence in its long-term growth potential.
See More
Barclays Lowers Target Price for Apple Hospitality REIT to $13 from $14
- Apple Hospitality Update: Barclays has reduced the target price for Apple Hospitality from $14 to $13.
- Market Impact: This adjustment reflects Barclays' revised outlook on the company's performance in the hospitality sector.
See More
Apple Hospitality REIT Announces 2025 Apple Award Winners
- Management Company Award: NCG Hospitality received the 2025 Management Company of the Year Award for outstanding performance based on balanced scorecard metrics, marking the sixth time since 2010 that they have achieved this recognition, highlighting their consistent excellence in financial and guest service metrics.
- Annual Shining Apple Award: The Fairfield by Marriott Inn & Suites Charlotte Matthews won the 2025 Annual Shining Apple Award with an 11% year-over-year growth in STR RevPAR Index, showcasing its consistency and excellence across all performance metrics throughout the year.
- Quarterly Shining Apple Awards: The 2025 First Quarter Shining Apple Award was presented to the Courtyard by Marriott in Burbank, California, demonstrating exceptional operational performance during the quarter and reinforcing Apple Hospitality's competitive position in the market.
- Employee Excellence Awards: Five hotel associates received the 2025 Apple Awards in recognition of their exceptional contributions to guest service and community impact, reflecting Apple Hospitality's strong commitment to honoring the dedication of its employees.
See More
Wells Fargo Lowers Target Price for Apple Hospitality REIT, Inc. to $12 from $13
Company Announcement: Apple Hospitality REIT, Inc. has announced a reduction in the target price for its shares.
New Target Price: The target price has been cut from $13 to $12, indicating a shift in market expectations.
See More
Apple Hospitality Declares $0.08 Monthly Dividend, Yield at 8.09%
- Monthly Dividend Declaration: Apple Hospitality (APLE) has declared a monthly dividend of $0.08 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Yield Performance: The forward yield stands at 8.09%, reflecting the company's appeal in the current market environment and potentially boosting investor confidence in its long-term investment value.
- Shareholder Record Dates: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring that shareholders can receive their earnings promptly, thereby reinforcing trust between the company and its investors.
- Market Reaction Expectations: The dividend announcement from Apple Hospitality is expected to have a positive impact on its stock price, particularly in the current high-yield investment climate, likely drawing more attention from yield-seeking investors.
See More
Apple Hospitality REIT Announces Q1 2026 Financial Results Schedule
- Earnings Release Schedule: Apple Hospitality REIT plans to report its Q1 2026 financial results after market close on May 4, 2026, reflecting the company's ongoing performance and transparency in hotel investments.
- Investor Conference Call: The company will host a conference call on May 5, 2026, at 10:00 a.m. Eastern Time to discuss financial results with investors and interested parties, enhancing communication with stakeholders.
- Access Information: U.S. participants can dial 877-407-9039, while international participants should call 201-689-8470, ensuring global investor participation and improving information accessibility.
- Replay and Archive: A replay of the call will be available from May 5 at 2:00 p.m. to May 19 at 11:59 p.m., with access via 844-512-2921 (domestic) or 412-317-6671 (international), further enhancing transparency and accessibility of information.
See More
Apple Hospitality Declares $0.08 Monthly Dividend
- Monthly Dividend Announcement: Apple Hospitality (APLE) declares a monthly dividend of $0.08 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Yield Analysis: The forward yield of 7.4% reflects the company's appeal in the current market environment, potentially increasing investor interest in its stock, particularly among high-yield investors.
- Shareholder Record Dates: The dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, providing investors with a clear timeline for investment decisions.
- Market Reaction Expectations: Apple Hospitality's stable dividend policy, combined with its asset optimization and management transition strategies, may enhance its stock price in the future, boosting market confidence in its long-term growth potential.
See More
Barclays Lowers Target Price for Apple Hospitality REIT to $13 from $14
- Apple Hospitality Update: Barclays has reduced the target price for Apple Hospitality from $14 to $13.
- Market Impact: This adjustment reflects Barclays' revised outlook on the company's performance in the hospitality sector.
See More
Apple Hospitality REIT Announces 2025 Apple Award Winners
- Management Company Award: NCG Hospitality received the 2025 Management Company of the Year Award for outstanding performance based on balanced scorecard metrics, marking the sixth time since 2010 that they have achieved this recognition, highlighting their consistent excellence in financial and guest service metrics.
- Annual Shining Apple Award: The Fairfield by Marriott Inn & Suites Charlotte Matthews won the 2025 Annual Shining Apple Award with an 11% year-over-year growth in STR RevPAR Index, showcasing its consistency and excellence across all performance metrics throughout the year.
- Quarterly Shining Apple Awards: The 2025 First Quarter Shining Apple Award was presented to the Courtyard by Marriott in Burbank, California, demonstrating exceptional operational performance during the quarter and reinforcing Apple Hospitality's competitive position in the market.
- Employee Excellence Awards: Five hotel associates received the 2025 Apple Awards in recognition of their exceptional contributions to guest service and community impact, reflecting Apple Hospitality's strong commitment to honoring the dedication of its employees.
See More
Wells Fargo Lowers Target Price for Apple Hospitality REIT, Inc. to $12 from $13
Company Announcement: Apple Hospitality REIT, Inc. has announced a reduction in the target price for its shares.
New Target Price: The target price has been cut from $13 to $12, indicating a shift in market expectations.
See More
Apple Hospitality Declares $0.08 Monthly Dividend, Yield at 8.09%
- Monthly Dividend Declaration: Apple Hospitality (APLE) has declared a monthly dividend of $0.08 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Yield Performance: The forward yield stands at 8.09%, reflecting the company's appeal in the current market environment and potentially boosting investor confidence in its long-term investment value.
- Shareholder Record Dates: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring that shareholders can receive their earnings promptly, thereby reinforcing trust between the company and its investors.
- Market Reaction Expectations: The dividend announcement from Apple Hospitality is expected to have a positive impact on its stock price, particularly in the current high-yield investment climate, likely drawing more attention from yield-seeking investors.
See More
Apple Hospitality REIT Announces Q1 2026 Financial Results Schedule
- Earnings Release Schedule: Apple Hospitality REIT plans to report its Q1 2026 financial results after market close on May 4, 2026, reflecting the company's ongoing performance and transparency in hotel investments.
- Investor Conference Call: The company will host a conference call on May 5, 2026, at 10:00 a.m. Eastern Time to discuss financial results with investors and interested parties, enhancing communication with stakeholders.
- Access Information: U.S. participants can dial 877-407-9039, while international participants should call 201-689-8470, ensuring global investor participation and improving information accessibility.
- Replay and Archive: A replay of the call will be available from May 5 at 2:00 p.m. to May 19 at 11:59 p.m., with access via 844-512-2921 (domestic) or 412-317-6671 (international), further enhancing transparency and accessibility of information.
See More
