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Apple Hospitality REIT Inc - APLE STOCK NEWS

Welcome to our dedicated news page for Apple Hospitality REIT (Ticker: APLE), a resource for investors and traders seeking the latest updates and insights on Apple Hospitality REIT.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Apple Hospitality REIT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Apple Hospitality REIT's position in the market.

News
Apple Hospitality REIT Announces Monthly Distribution
Rhea-AI Summary
Apple Hospitality REIT, Inc. (NYSE: APLE) declares a monthly cash distribution of $0.08 per common share, payable on May 15, 2024, to shareholders of record as of April 30, 2024. The annualized distribution of $0.96 per common share offers an annual yield of about 6.4% based on the closing price of $14.97 on April 17, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Apple Hospitality REIT Acquires the AC Hotel by Marriott Washington DC Convention Center
Rhea-AI Summary
Apple Hospitality REIT, Inc. (NYSE: APLE) acquires the AC Hotel by Marriott Washington DC Convention Center for $116.8 million, expanding its portfolio. The hotel offers premium amenities and is strategically located in downtown Washington, D.C. The Company also has two additional hotels under contract for purchase. Revenue per available room for the Washington DC CBD submarket improved by approximately 21%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
acquisition
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News
Apple Hospitality REIT Announces Dates for First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Apple Hospitality REIT, Inc. (NYSE: APLE) will release its first quarter 2024 financial results on May 6, 2024, and host a conference call on May 7, 2024, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
Tags
earnings
News
Apple Hospitality REIT Announces Monthly Distribution and Date for 2024 Annual Meeting of Shareholders
Rhea-AI Summary
Apple Hospitality REIT, Inc. (NYSE: APLE) declared a monthly cash distribution of $0.08 per common share, payable on April 15, 2024. The annualized distribution of $0.96 per share offers a 5.9% yield based on the closing price of $16.18 on March 15, 2024. The 2024 Annual Meeting of Shareholders is scheduled for May 23, 2024, in Richmond, Virginia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
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News
Apple Hospitality REIT Reports Results of Operations for Fourth Quarter and Full Year 2023
Rhea-AI Summary
Apple Hospitality REIT, Inc. (APLE) reported strong financial performance for the fourth quarter and full year 2023, with significant increases in net income, operating income, and Adjusted EBITDAre. The company's Comparable Hotels RevPAR grew by 2% in the fourth quarter and 7% for the full year, outperforming industry averages. Despite inflationary pressures, the company maintained strong margins and leveraged its scale ownership to maximize profitability. Apple Hospitality acquired five high-quality hotels during the quarter and has two more under contract, showcasing its strategic growth initiatives. The company's balance sheet remains robust, with total debt to total capitalization at 25%. Monthly distributions to shareholders reflect a healthy yield of approximately 6.0%. The Corporate Responsibility Report highlights the company's commitment to sustainability and stakeholder engagement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
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News
Apple Hospitality REIT Announces Monthly Distribution
Rhea-AI Summary
Apple Hospitality REIT, Inc. (APLE) declared a monthly cash distribution of $0.08 per common share, with an annualized yield of 5.9% based on the closing price of $16.17 on February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
none
News
Apple Hospitality REIT Announces Monthly Distribution
Rhea-AI Summary
Apple Hospitality REIT, Inc. (APLE) has declared a regular monthly cash distribution of $0.08 per common share, payable on February 15, 2024. With a common stock closing price of $16.16 on January 18, 2024, the annualized distribution of $0.96 per common share represents an annual yield of approximately 5.9%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
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none
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News
Apple Hospitality REIT Acquires the SpringHill Suites by Marriott Las Vegas Convention Center
Rhea-AI Summary
Apple Hospitality REIT, Inc. (NYSE: APLE) has announced the acquisition of SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million, further expanding its hotel portfolio. The hotel boasts premium amenities, including spacious guest rooms, flexible meeting space, and a rooftop pool with views of the Las Vegas Strip. The acquisition is expected to strengthen the company's position in the hospitality industry, with a positive outlook for the Las Vegas market and the hotel's performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
acquisition
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News
Apple Hospitality REIT Publishes Annual Corporate Responsibility Report
Rhea-AI Summary
Apple Hospitality REIT, Inc. (NYSE: APLE) published its annual Corporate Responsibility Report, detailing the Company’s environmental, social, and governance performance. The report emphasizes the commitment to environmental sustainability, corporate employees, hotel associates and guests, communities, and other stakeholders. The CEO, Justin Knight, highlights the Company’s dedication to continuous improvement and the incorporation of new programs and strategies as the ESG landscape expands and evolves. The report utilizes both the Global Reporting Initiative (GRI) Standards and Task Force on Climate-related Financial Disclosures (TCFD) to provide a comprehensive overview of the Company’s corporate responsibility performance and climate-related risk management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Apple Hospitality REIT Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Apple Hospitality REIT, Inc. (NYSE: APLE) plans to report Q4 and full year 2023 financial results on February 22, 2024, and host a conference call on February 23, 2024, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
earnings
Stock APLE logo
Apple Hospitality REIT Inc

NYSE:APLE

APLE Rankings

#1381 Ranked by Market Cap
#2891 Ranked by Stock Gains
#463 Ranked by Dividends

APLE Stock Data

3.72B
224.97M
6.62%
90.27%
4.12%
Other Financial Vehicles
Finance and Insurance
Link
US
Richmond

About APLE

apple hospitality reit, inc. (nyse: aple) is a publicly traded real estate investment trust (â“reitâ”) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the united states. apple hospitality's portfolio consists of 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states. concentrated with industry-leading brands, the company's portfolio consists of 104 marriott-branded hotels, 126 hilton-branded hotels, three hyatt-branded hotels and two independent hotels.