Apple Hospitality REIT Inc reports results for the quarter ended June 30 - Earnings Summary

• Apple Hospitality REIT Inc APLE.N reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of two analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 26 cents to 27 cents per share.

• Revenue fell 1.5% to $384.37 million from a year ago; analysts expected $381.19 million.

• Apple Hospitality REIT Inc's reported EPS for the quarter was 27 cents​.

• The company reported quarterly net income of $63.65 million.

• Apple Hospitality REIT Inc shares had risen by 0.3% this quarter and lost 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "hold."

• Wall Street's median 12-month price target for Apple Hospitality REIT Inc is $14.00, about 17.3% above its last closing price of $11.58

This summary was machine generated from LSEG data August 7 at 04:52 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)