Apple Hospitality REIT Inc (APLE) Releases Earnings Results, Beats Expectations By $0.02 EPS

Apple Hospitality REIT Inc (APLE) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.38. The company posted revenue of $224.50 million in the period, compared to analysts expectations of $224.11 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on Apple Hospitality REIT Inc. FBR Capital Initiated Apple Hospitality REIT Inc on Apr 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $20.

Apple Hospitality REIT Inc opened for trading at $18.78 and hit $18.98 on the upside on Wednesday, eventually ending the session at $18.98, with a gain of 0.90% or 0.17 points. The heightened volatility saw the trading volume jump to 7,02,691 shares. Company has a market cap of $3,309 M.

In a different news, on Aug 31, 2015, David P Buckley (EVP, Chief Legal Counsel) purchased 5,592 shares at $17.88 per share price. According to the SEC, on Aug 27, 2015, Nelson Knight (EVP Chief Investment Officer) purchased 1,500 shares at $16.77 per share price. On Aug 27, 2015, Bryan Peery (CFO) purchased 5,000 shares at $16.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Apple Hospitality REIT Inc. is a real estate investment trust (REIT). The Company owns portfolios of upscale select service hotels in the United States. The Company’s portfolio is diversified across the Hilton and Marriott families of brands with locations in urban suburban and developing markets. The Company operates approximately 177 hotels with approximately 22750 guestrooms under Courtyard by Marriott Fairfield Inn by Marriott Fairfield Inn & Suites by Marriott Marriott Hotels & Resorts Renaissance Hotels Residence Inn by Marriott SpringHill Suites by Marriott TownePlace Suites by Marriott Embassy Suites Hotels Hampton Inn Hampton Inn & Suites Hilton Hilton Garden Inn Home2 Suites by Hilton and Homewood Suites by Hilton brands. The Company operates approximately 90 Marriott-branded hotels and 83 Hilton-branded hotels.

Apple Hospitality REIT Inc

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