Apple Hospitality REIT, Inc. (NYSE:APLE) expected to pay $0.10 on Oct 17, 2016

Apple Hospitality REIT, Inc. (NYSE:APLE) is expected to pay $0.10 on Oct 17, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Sep 30, 2016 will be eligible to receive the payout. Based on Apple Hospitality REIT, Inc.’s current price of $18.63, the dividend is 0.54%. This dividend’s record date is Oct 4, 2016 and the announcement date is Sep 20, 2016. The stock increased 0.62% or $0.11 on September 28, hitting $18.63. Apple Hospitality REIT Inc (NYSE:APLE) has declined 6.80% since February 25, 2016 and is downtrending. It has underperformed by 18.06% 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 $3.27 billion. The Firm owns hotel properties throughout the United States. It has a 27.48 P/E ratio. The Firm owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms.

Out of 4 analysts covering Apple Hospitality REIT (NYSE:APLE), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. $23 is the highest target while $21.0 is the lowest. The $22 average target is 18.09% above today’s ($18.63) stock price. Apple Hospitality REIT has been the topic of 6 analyst reports since October 26, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann downgraded the stock on January 19 to “Sell” rating. Robert W. Baird downgraded the shares of APLE in a report on January 7 to “Neutral” rating.

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