Tessa Quinn
Apple Hospitality REIT Inc. (APLE) is a Real Estate Investment Trust (REIT) that pays a monthly dividend. APLE has a 7.9% dividend yield, which is considered high and makes it an appealing stock for income investors. The company pays 12 dividends per year, instead of the more typical quarterly payments. Apple Hospitality REIT owns 221 hotels with 29,764 rooms across 86 markets. While the company was impacted by the Covid-19 outbreak and competition from companies like Airbnb, its strong brand names, excellent locations, and healthy balance sheet make it one of the strongest players in the hotel sector.
| Characteristics | Values |
|---|---|
| Company Name | Apple Hospitality REIT Inc. |
| Stock Symbol | APLE |
| Dividend Frequency | Monthly |
| Number of Dividends per Year | 12 |
| Dividend Yield | 7.9% |
| Previous Dividend | 8c |
| Next Expected Dividend | In 3 days |
| Number of Hotels Owned | 221 |
| Number of Rooms | 29,764 |
| Number of Markets | 86 |
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What You'll Learn
Apple Hospitality REIT pays a monthly dividend
Apple Hospitality REIT Inc. (APLE) is a Real Estate Investment Trust (REIT) that pays a monthly dividend. REITs are a core holding for many income investors due to their high dividend yields. Apple Hospitality REIT has a 7.9% dividend yield, which is considered high. The company pays shareholders 12 dividends per year, which is more frequent than the typical quarterly payments.
Apple Hospitality's growth prospects will come from an increase in rents and the acquisition of more beneficial properties. The company has been selling less-profitable properties and has an expense reduction ratio target of 0.80–0.90. This is achieved by increasing the cross-utilisation of managers and associates, as well as optimising labour management software.
Apple Hospitality has strong brand power, a healthy balance sheet, and high-quality assets. The company has 221 hotels with 29,764 rooms across 86 markets. Its concentration on strong brand names, excellent locations, and its franchising model should enable it to outperform its peers in a recession.
The company's dividend history is not long, as it became public in 2015. However, its high current yield and monthly dividend payouts make APLE an appealing stock for income investors.
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Apple Hospitality REIT has 12 dividends per year
Apple Hospitality REIT Inc (APLE) is a Real Estate Investment Trust, or REIT, that pays a monthly dividend. This means that Apple Hospitality REIT pays shareholders 12 dividends per year, instead of the more typical quarterly payments.
The company's dividend history is not long, as it only became public in 2015. However, Apple Hospitality REIT has a 7.9% dividend yield, which is considered high. The high current yield and monthly dividend payouts make APLE an appealing stock for income investors.
Apple Hospitality's growth prospects will come from an increase in rents, the acquisition of more beneficial properties, and long-term cost savings. The company has an expense reduction ratio target of 0.80–0.90, which it aims to achieve by increasing the cross-utilisation of managers and associates, renegotiating vendor contracts, and optimising labour management software.
Apple Hospitality REIT owns 221 hotels with 29,764 rooms across 86 markets. The company has a strong brand, excellent locations, a healthy balance sheet, and high-quality assets, which make it one of the strongest players in the hotel sector.
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Apple Hospitality REIT has a 7.9% dividend yield
Apple Hospitality REIT Inc (APLE) is a real estate investment trust (REIT) that pays a monthly dividend. This means that shareholders receive 12 dividends per year instead of the more typical quarterly payments. Apple Hospitality REIT's dividend yield is 7.9%, which is considered high.
The company's dividend history is relatively short, as it only became public in 2015. Apple Hospitality REIT's growth prospects will likely come from an increase in rents, the acquisition of more beneficial properties, and long-term cost savings. The company has a strong brand, excellent locations, a healthy balance sheet, and high-quality assets, which make it one of the strongest players in the hotel sector.
Apple Hospitality REIT's dividend payout ratio is relatively low, and its AFFO (Adjusted Funds From Operations) per share is expected to grow over the next five years. This could potentially lead to an increase in dividends. The company's CEO, Justin Knight, has highlighted strong travel demand, which is a positive sign for the company's future performance and dividend payouts.
Apple Hospitality REIT's stock is an appealing option for income investors due to its high dividend yield and monthly dividend payouts. The company's strong fundamentals and growth prospects make it an attractive investment opportunity, especially for those seeking regular dividend income.
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Apple Hospitality REIT owns 221 hotels
Apple Hospitality REIT, Inc. (APLE) is a publicly traded real estate investment trust (REIT) that owns a portfolio of upscale, room-focused hotels in the United States. As of my knowledge cutoff in January 2023, the company owns 221 hotels with more than 29,893 guest rooms located in 85 markets across 37 states, including Alaska, Arizona, California, Colorado, Florida, and Georgia. The hotels are operated under Marriott or Hilton brands, with 97 Marriott-branded hotels and 118 Hilton-branded hotels, as well as five Hyatt-branded hotels and one independent hotel.
The company's portfolio consists of hotels operated and managed under separate management agreements with 16 hotel management companies, including well-known brands such as Hilton Garden Inn, Hampton, Courtyard, Residence Inn, and Homewood Suites. Apple Hospitality REIT's diverse portfolio of hotels offers a range of options for travellers, from upscale accommodations to select service properties.
Regarding dividends, Apple Hospitality REIT, Inc. has a dividend history that can be reviewed on Nasdaq's Dividend History page. Dividend.com also provides information on dividend dates, history, and estimates for Apple Hospitality REIT. However, it is important to note that past performance does not guarantee future results.
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Apple Hospitality REIT has a relatively low dividend payout ratio
Apple Hospitality REIT Inc. (APLE) is a Real Estate Investment Trust (REIT) that pays a monthly dividend. This means shareholders receive 12 dividend payments per year, which is atypical, as most companies pay dividends quarterly. Apple Hospitality has a 7.9% dividend yield, which is considered high and, along with its monthly dividend payouts, makes it an appealing stock for income investors.
Apple Hospitality's growth prospects will come from an increase in rents, the acquisition of more beneficial properties, and long-term cost savings. The company has an expense reduction ratio target of 0.80–0.90, which it plans to achieve by increasing the cross-utilisation of managers and associates, renegotiating vendor contracts, and optimising labour management software.
Despite its growth prospects, Apple Hospitality's dividend history is not long, as it only became public in 2015. The company's dividend payout ratio is relatively low, and its AFFO (Adjusted Funds From Operations) per share is expected to grow over the next five years. This could make it an attractive buy, as the company has the potential to start increasing its dividends.
Apple Hospitality REIT owns 221 hotels with 29,764 rooms across 86 markets. The company has a strong brand, excellent locations, a healthy balance sheet, and high-quality assets. However, its business was negatively impacted by the coronavirus pandemic and the rise of companies like Airbnb.
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Frequently asked questions
Yes, Apple Hospitality REIT (APLE) is a Real Estate Investment Trust (REIT) that pays a monthly dividend. This is an attractive feature for income investors as it translates to 12 dividends per year instead of the more typical quarterly payments.
Apple Hospitality REIT has a dividend yield of 7.9%, which is considered high.
The Covid-19 outbreak and the downturn in the hospitality industry have slowed Apple Hospitality REIT's growth rate. However, the company has strong brand power, a healthy balance sheet, and high-quality assets, which make it one of the strongest players in the hotel sector.
