Dividend Watching: This is why Apple Hospitality REIT, Inc. (NYSE:APLE) will be paying investors dividends of $0.10 on Dec 15, 2016.

Dividend Watching: This is why Apple Hospitality REIT, Inc. (NYSE:APLE) will be paying investors dividends of $0.10 on Dec 15, 2016.

Apple Hospitality REIT, Inc. (NYSE:APLE) is expected to pay $0.10 on Dec 15, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Apple Hospitality REIT, Inc.’s current price of $18.26, the dividend is 0.55%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 21, 2016. The stock decreased 0.49% or $0.09 during the last trading session, hitting $18.26. Apple Hospitality REIT Inc (NYSE:APLE) has declined 3.49% since April 26, 2016 and is downtrending. It has underperformed by 8.75% 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 $4.11 billion. The Firm owns hotel properties throughout the United States. It has a 37.91 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. Apple Hospitality REIT has been the topic of 8 analyst reports since August 28, 2015 according to StockzIntelligence Inc. BB&T Capital initiated the stock with “Hold” rating in Friday, January 8 report. The stock of Apple Hospitality REIT Inc (NYSE:APLE) has “Buy” rating given on Wednesday, December 16 by Canaccord Genuity. The firm has “Neutral” rating given on Thursday, January 7 by Robert W. Baird. The firm earned “Sell” rating on Tuesday, January 19 by Ladenburg Thalmann. On Wednesday, November 11 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”. JMP Securities initiated Apple Hospitality REIT Inc (NYSE:APLE) rating on Friday, September 18. JMP Securities has “Market Outperform” rating and $23 price target. The stock of Apple Hospitality REIT Inc (NYSE:APLE) has “Buy” rating given on Monday, October 26 by Ladenburg Thalmann. The stock of Apple Hospitality REIT Inc (NYSE:APLE) earned “Outperform” rating by Robert W. Baird on Friday, August 28.

More notable recent Apple Hospitality REIT Inc (NYSE:APLE) news were published by: Businesswire.com which released: “Apple Hospitality REIT, Inc. Announces December 2016 Distribution” on November 07, 2016, also Marketwatch.com with their article: “Apple Hospitality started at market perform with $20 stock price target at FBR …” published on May 18, 2015, Reuters.com published: “BRIEF-Apple Hospitality Reit Inc qtrly earnings per share $0.07” on November 07, 2016. 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 Forbes.com‘s news article titled: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” with publication date: October 27, 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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