Dividend Flows: $0.10 dividends are now a reality for Apple Hospitality REIT, Inc. (NYSE:APLE) shareholders. Here’s why.

Dividend Flows: $0.10 dividends are now a reality for Apple Hospitality REIT, Inc. (NYSE:APLE) shareholders. Here's why.

Apple Hospitality REIT, Inc. (NYSE:APLE) is expected to pay $0.10 on Nov 15, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Oct 31, 2016 will be eligible to receive the payout. Based on Apple Hospitality REIT, Inc.’s current price of $17.83, the dividend is 0.56%. This dividend’s record date is Nov 2, 2016 and the announcement date is Oct 20, 2016. The stock 0.03% or $0 on October 28, hitting $17.83. It is down 9.17% since March 29, 2016 and is downtrending. It has underperformed by 12.64% the S&P500.

Apple Hospitality REIT, Inc. is a self-advised real estate investment trust that invests in income-producing real estate, primarily in the lodging sector, in the United States. The company has a market cap of $3.13 billion. The Firm owns hotel properties throughout the United States. It has a 26.3 P/E ratio. The Firm owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms.

Apple Hospitality REIT Inc (NYSE:APLE) Ratings Coverage

Out of 5 analysts covering Apple Hospitality REIT (NYSE:APLE), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $23 is the highest target while $20 is the lowest. The $22.33 average target is 25.24% above today’s ($17.83) stock price. Apple Hospitality REIT has been the topic of 8 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Tuesday, January 19 by Ladenburg Thalmann. The firm has “Buy” rating by Ladenburg Thalmann given on Monday, October 26. The rating was initiated by Canaccord Genuity on Wednesday, December 16 with “Buy”. The firm has “Neutral” rating by Ladenburg Thalmann given on Wednesday, November 11. The firm has “Market Outperform” rating given on Friday, September 18 by JMP Securities. The stock has “Hold” rating given by BB&T Capital on Friday, January 8. As per Thursday, January 7, the company rating was downgraded by Robert W. Baird. The stock of Apple Hospitality REIT Inc (NYSE:APLE) has “Outperform” rating given on Friday, August 28 by Robert W. Baird.

More notable recent Apple Hospitality REIT Inc (NYSE:APLE) news were published by: Nasdaq.com which released: “Apple Hospitality REIT, Inc. (APLE) Ex-Dividend Date Scheduled for October 31 …” on October 28, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” published on October 27, 2016, Marketwatch.com published: “Apple Hospitality REIT Inc.” on May 18, 2015. More interesting news about Apple Hospitality REIT Inc (NYSE:APLE) were released by: Businesswire.com and their article: “Apple Hospitality REIT, Inc. Completes Merger with Apple REIT Ten, Inc.” published on September 01, 2016 as well as Businesswire.com‘s news article titled: “Apple Hospitality REIT, Inc. Announces Dates for Third Quarter 2016 Earnings …” with publication date: October 17, 2016.

APLE Company Profile

Apple Hospitality REIT, Inc., incorporated on November 8, 2007, is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Firm owns hotel properties throughout the United States. The Firm owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms. All of the Company’s hotels operate under Marriott or Hilton brands. The Firm has REIT subsidiaries, which lease all of the Company’s hotels from qualified REIT subsidiaries. The Company’s hotels are operated and managed under separate management agreements with over 20 hotel management companies, none of which are affiliated with the Company. The Company’s primary business objective is to maximize shareholder value by achieving long-term growth in cash available for distributions to its shareholders.

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