LONDON, UK / ACCESSWIRE / October 2, 2017 / Pro-Trader Daily takes a closer look at Apple Hospitality REIT, Inc. (NYSE: APLE) as the Company's stock will begin trading ex-dividend on October 03, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of trading session on October 02, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On September 21, 2017, Apple Hospitality announced that its Board of Directors declared a regular monthly cash distribution of $0.10 per common share for the month of October 2017. The distribution is payable on October 16, 2017, to shareholders of record as of October 04, 2017.

Apple Hospitality's indicated dividend represents a yield of 6.35%, which is substantially above the average dividend yield of 3.14% for the financial sector.

Dividend Insights

Apple Hospitality has a dividend payout ratio of 69.4%, which means that the Company distributes approximately $0.69 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Apple Hospitality is forecasted to report earnings of $1.01 for the next year compared to the Company's annualized dividend of $1.20. Apple Hospitality is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the Companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, Apple Hospitality's net income attributable to common shareholders was $87.61 million, or $0.39 per diluted share, for Q2 2017 compared to $54.72 million, or $0.31 per diluted share, for Q2 2016. On the other hand, the Company's Modified FFO was $113.65 million, or $0.51 per diluted share, for the reported quarter compared to $90.36 million, or $0.52 per diluted share, for the year ago corresponding period. The FFO indicates that the Company should be able to comfortably cover its dividend payout.

As of June 30, 2017, Apple Hospitality's total assets were worth $4.90 billion, while total liabilities were $1.40 billion compared to total assets worth $4.98 billion and total liabilities of $1.46 billion as on December 31, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Apple Hospitality

On September 14, 2017, Apple Hospitality announced that it has closed on the previously announced acquisition of the newly-constructed, dual-branded Hilton Garden Inn® and Home2 Suites by Hilton® property in Birmingham, Alabama, with a combined total of 210 rooms, for a purchase price of approximately $38.4 million, or $183,000 per key.

According to data provided by Smith Travel Research (STR) for the seven-month period ending July 31, 2017, RevPAR for the Birmingham, Alabama market improved by more than seven percent compared to the same period of 2016. Following this acquisition, the Apple Hospitality portfolio includes 237 hotels, with more than 30,000 guestrooms, geographically diversified throughout 33 states.

About Apple Hospitality

Apple Hospitality is a publicly traded REIT that owns one of the largest portfolios of upscale, select-service hotels in the United States. The Company's portfolio consists of 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton® and Marriott® families of brands with locations in urban, high-end suburban, and developing markets throughout 33 states.

Stock Performance

On Friday, September 29, 2017, the stock closed the trading session at $18.91, slightly rising 0.05% from its previous closing price of $18.90. A total volume of 930.75 thousand shares have exchanged hands. Apple Hospitality REIT's stock price advanced 5.11% in the last one month, 1.07% in the past three months, and 1.83% in the previous twelve months. The stock is trading at a PE ratio of 23.49 and has a dividend yield of 6.35%. The stock currently has a market cap of $4.22 billion.

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