Apple Hospitality REIT, Inc. (NYSE:APLE) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, APLE is expected to report 3Q20 loss of $ 0.14 per share from revenue of $ 143.63 million.
For the full year, analysts anticipate top line of $ 611.97 million, while looking forward to loss of $ 0.56 per share bottom line.
Previous Quarter Performance
Apple Hospitality REIT, Inc. disclosed loss for the second quarter of $ 0.11 per share, from the revenue of $ 81.08 million. The quarterly revenues down 76.23 percent compared with the same quarter last year. Wall street analysts are predicting, APLE to report 2Q20 loss of $ 0.29 per share from revenue of $ 76.47 million. The bottom line results beat street analysts by $ 0.18 or 62.07 percent, at the same time, top line results outshined analysts by $ 4.61 million or 6.03 percent.
Stock Performance
Shares of Apple Hospitality REIT, Inc. traded low $ -0.12 or -1.11 percent on Wednesday, reaching $ 10.65 with volume of 2.38 million shares. Apple Hospitality REIT, Inc. has traded high as $ 10.72 and has cracked $ 10.22 on the downward trend
The closing price of $ 10.65, representing a 140.40 % increase from the 52 week low of $ 4.48 and a 36.05 % decrease over the 52 week high of $ 16.84.
The company has a market capital of $ 2.38 billion and is part of the Real Estate sector and REIT – Hotel & Motel industry.
Recent Analyst recommendations
- On 5th October 2020, initiated by Compass Point at Buy rating, with $ 13.00 target price.
Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitalitys portfolio consists of 234 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.
