- Apple Hospitality REIT (APLE, Financial) upholds its monthly dividend, offering investors a forward yield of 8.33%.
- Analysts suggest a potential 27.88% upside with an average target price of $15.00.
- GuruFocus estimates a GF Value of $16.98, pointing to a 44.76% increase in value.
Apple Hospitality REIT (APLE) has confidently declared a monthly dividend of $0.08 per share, steady with its previous payouts. This maintains an attractive forward yield of 8.33%, capturing the attention of income-focused investors. The dividend is scheduled for payment on May 15, with the record date set for April 30, which is also the ex-dividend date.
Wall Street Analysts Forecast
A review of one-year price targets from 6 market analysts reveals an average target price of $15.00 for Apple Hospitality REIT Inc (APLE, Financial). With price predictions ranging from a high of $17.00 to a low of $12.00, the average target implies a significant upside of 27.88% from the current trading price of $11.73. For a deeper look into these estimates, visit the Apple Hospitality REIT Inc (APLE) Forecast page.
Considering brokerage recommendations, the consensus from 8 firms classifies Apple Hospitality REIT Inc's (APLE, Financial) average recommendation as 2.4, aligning with an "Outperform" rating. This scale ranges from 1, indicating a Strong Buy, to 5, suggesting a Sell.
GuruFocus's GF Value Estimate
GuruFocus provides its own valuation with an estimated GF Value for Apple Hospitality REIT Inc (APLE, Financial) set at $16.98 in one year, which proposes a notable upside of 44.76% from the current price of $11.73. This GF Value is an indicator of the stock's true worth, calculated from historical trading multiples, prior business growth, and projections of future business performance. Additional insights can be accessed at the Apple Hospitality REIT Inc (APLE) Summary page.
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