15.73 0.00 (0.00%)
After hours: 4:21PM EST
|Bid||15.73 x 2900|
|Ask||15.78 x 3200|
|Day's Range||15.69 - 15.81|
|52 Week Range||14.65 - 16.90|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||19.59|
|Earnings Date||Feb 23, 2020|
|Forward Dividend & Yield||1.20 (7.60%)|
|Ex-Dividend Date||Feb 01, 2020|
|1y Target Est||17.25|
Apple Hospitality REIT Announces Dates for Fourth Quarter and Full Year 2019 Earnings Release and Conference Call
Many investors define successful investing as beating the market average over the long term. But its virtually certain...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
Apple Hospitality REIT, Inc. (APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.10 per common share for the month of December 2019. Apple Hospitality REIT, Inc. (APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Certain statements contained in this press release other than historical facts may be considered forward-looking statements.
These dividend stocks tick both boxes: a very high yield and a bullish outlook from the Street. This is pretty crucial as not all dividend stocks make appealing investing propositions. Looking for those with a bullish analysis from the Street is one way to sort the wheat from the chaff.We’ve used the TipRanks' Stock Screener tool to pick out three buy-rated stocks with dividends exceeding 7%. This puts their yield 3.5x higher than the S&P average of 2.1%, and makes them a sure source of income of return-minded investors. The stocks come from the real estate investment trust and energy sectors, two segments of the market that have – for different reasons – developed a reputation for high-yield dividend returns.“A commitment to a dividend can indicate a strong business and a management priority on returning cash to shareholders, both important drivers of long-term stock appreciation” writes JP Morgan. So with this bullish analysis in mind, let’s take a look at these 3 high-yield dividend stocks:Apple Hospitality REIT (APLE)We’ll start in the real estate sector. Real Estate Investment Trusts, or REITs, are companies formed to realize the gains inherent in the real estate business. The REIT owns, and usually oversees the operations of groups of real estate investments. REITs can focus on commercial properties, office spaces, residential properties, hotels, warehouses, retail spaces, or any combination of these. Some REITs focus solely on property equity, others focus on mortgages, and some invest in both to varying degrees. By law, REITs are required to return as much as 90% of their profits to shareholders.Apple Hospitality, as its name suggests, focuses on hotel and other properties in the hospitality industry. The company owns 235 hotels with over 30,000 guest rooms, and has a presence in 87 markets across 34 states. In its recent Q3 release, APLE reported a return to shareholders for the previous 12 months in excess of $370 million. $100 million of that was in share buybacks, and $270 million was paid in dividends.The company’s current dividend yield is 7.33%, with a quarterly payment of 30 cents per share, annualizing to $1.20. The payout ratio is 150%, a decidedly unhealthy number – the ratio indicates that the company is paying out 50% more in dividends than it is seeing in earnings. Normally, that would be an unsustainable situation, but REITs are a special case. As pointed out above, these companies are required to pay out a high percentage of their profits as dividends. APLE shares are up 15% year-to-date, however; while that is lower than the broader market’s 23% gain, it is sufficient to keep the payout ratio sustainable.B. Riley FBR analyst Bryan Maher points out the advantages of APLE in its sector: “[T]he REIT has struck a very good balance between delivering consistent earnings results, a conservative balance sheet, and a well-covered dividend, all while implementing a steady capital recycling (upgrade) program. And, while it might not be the most exciting REIT in the U.S., APLE shareholders can count on their $1.20/share annual dividend even if the economy were to experience a modest downdraft.” That steady, reliable return is key in REIT investing. Maher gives APLE an $18 price target, with a 9.9% upside. (To watch Maher's track record, click here)APLE is not widely covered by the Street’s analyst corps; among those who do cover the stock, however, the consensus is a Moderate Buy. APLE shows an average price target of $18.00, implying room for a 10% upside from the current trading value of $16.37. (See Apple Hospitality stock analysis on TipRanks)Redwood Trust (RWT)Our second company with a 7%+ dividend yield is another REIT. Redwood focuses on mortgage activities, investing its capital in residential mortgage funds and engaging in mortgage banking. The company’s main source of real estate income is from prime jumbo residential loans. The residential mortgage banking side of the operation acquires and sells packages of such residential loans.The model is usually profitable, and Redwood has beaten its earnings expectations twice in the past four quarters. The most recent quarter, however, reported at the end of October, showed a miss. EPS came in at 37 cents per share, below both the forecast of 38 cents and the year-ago quarter’s earnings of 39 cents. Revenues, at $34 million, were just about half the year-ago figure of $67 million, and 23.6% below the quarterly forecast.The earnings miss does not hurt the dividend, however. At 7.35%, and with an annual payout of $1.20, RWT’s dividend is almost exactly the same as APLE’s. The difference is in the payout ratio. RWT pays out 30 cents per quarter, and just reported earnings of 37 cents per share, leading to a payout ratio of 78%.5-star analyst Steven Delaney, of JMP Securities, reviewed RWT, just after the company’s earnings release. He set a $17.50 price target, and wrote of the stock, “Redwood Trust announced third quarter 2019 results that were marked by solid, albeit sequentially lower, core earnings and continued book value stability… We maintain our Market Outperform rating and our price target of $17.50, as we continue to believe the company should trade at a material premium to peers due to its unique market positioning and reputation.” His price target indicates room for a 7.7% upside. (To watch Delaney's track record, click here)Redwood Trust stock has a resounding “yes” on Wall Street. TipRanks analytics show that out of three analysts, all three are bullish. The price target of $17.83 shows a potential upside of about 10%. (See Redwood Trust stock analysis on TipRanks)Crestwood Equity Partners (CEQP)With our third high-yield dividend stock, we move into the oil industry. Crestwood is a midstream service provider with operations in 19 states. The company’s primary focus is in the Bakken Shale, the Delaware Permian Basin, and the Marcellus Shale. As a midstream operator, Crestwood doesn’t engage in drilling activities; the company’s operations are in three segments: Gathering & Processing, Storage & Transportation, and Marketing, Supply & Logistics.To support its high dividend, Crestwood can stand on a Q3 net income of $33.6 million. The adjusted EBITDA figure, $140.9 million, was a healthy 39% higher than the year-ago quarter. Year-to-date earnings were revised upwards, to the $520 to $535 million range. From an investor perspective, the best news was the dividend, declared at 60 cents per share to be paid out on November 14 to shareholders of record as of November 7.CEO Robert Phillips was upbeat in the company’s earnings call, saying, “So far, 2019 has been another stand-out year for Crestwood as we near the end of a successful three-year, approximately $1.0 billion, capital investment program in the Bakken, Powder River and Delaware Basins.” Rising income and a reliable dividend simply underscore the CEO’s optimism.SunTrust Robinson analyst Tristan Richardson agrees that the Phillips’ positive outlook is justified. In his recent report on CEQP, Richardson writes, “CEQP has not only executed on its large projects, setting the table for a strong exit to the year, but also was able to message a capital allocation strategy that resonates with what we see as the best path to outperformance in midstream. Operationally, core growth areas are performing in-line to better than guided as growth projects set the stage for volume acceleration.” He sets a $40 price target on this stock, indicating confidence in a 25% upside potential. (To watch Richardson's track record, click here)Richardson is in-line with the analyst consensus on this stock, a Strong Buy based on 3 buys and 1 hold set in recent months. The average price target of $41.50 implies an upside of 30% from the share price of $31.94. (See Crestwood’s price targets and analyst ratings on TipRanks).
Even if it's not a huge purchase, we think it was good to see that Glade Knight, the Executive Chairman of Apple...
Apple Hospitality REIT (APLE) delivered FFO and revenue surprises of 0.00% and 0.86%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Apple Hospitality REIT, Inc. today announced results of operations for the third quarter ended September 30, 2019.
Apple Hospitality REIT's (APLE) Q3 results likely to reflect impact of softer inbound international travel demand and cost pressures across the lodging industry.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Apple Hospitality REIT, Inc. (APLE) (the “Company” or “Apple Hospitality”) today announced that its Board of Directors declared a regular monthly cash distribution of $0.10 per common share for the month of November 2019. Apple Hospitality REIT, Inc. (APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Certain statements contained in this press release other than historical facts may be considered forward-looking statements.
Apple Hospitality REIT, Inc. (APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of a 55-room independent boutique hotel in Richmond, Virginia (the “Hotel”), for a purchase price of approximately $7 million, or $125,000 per key. “We are pleased to add this unique property to our portfolio and expand our presence in the dynamic downtown Richmond market,” said Nelson Knight, Executive Vice President and Chief Investment Officer of Apple Hospitality. “We plan to renovate and reposition the Hotel, incorporating services and amenities that are consistent with our existing rooms-focused portfolio of hotels.
Apple Hospitality REIT, Inc. (NYSE:APLE), which is in the reits business, and is based in United States, received a...
There are plenty of benefits to having an allocation to real estate in your portfolio. From income generation to having an asset class that helps fight inflation, every investor should have some allocation to real estate. For most of us that aren't high net worth investors that means either owning one or two rental properties or buying real estate investment trusts (REITs).REITs make it real estate ownership easy and without many of the hassles that come with owning a rental property. With the security type, investors can gain access to a variety of property types and locations with one ticker. And thanks to their tax structure, REITs hand back much of their cash flows as dividends. However, there is one way that being a direct property owner does win big over REITs. And that's those sweet monthly rent checks from tenants.But REIT investors may not need to fret.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are a handful of top-notch and high yielding REITs that do reward their shareholders every month. And with these firms, investors big and small can finally gain all the benefits of a landlord without all the hassles. * 5 Red Hot Housing Stocks Sprinting to Decade Highs With that, here are three monthly paying REITs to buy today. STAG Industrial (STAG)Source: Shutterstock Dividend Yield: 4.81%Talk about being in the right place at the right time. Thanks to rising e-commerce/omnichannel growth and a strengthening economy, STAG Industrial (NYSE:STAG) has been a winner since its IPO back 2011- offering plenty of dividend growth and capital appreciation. The key is that the firm focuses on warehouse and light industrial properties. These property types have been big winners in the shift towards reshoring and online consumerism. Rising demand and rents have simply translated into gains for STAG.But it's the kind of warehouses that STAG owns that sets it apart from rivals like Prologis (NYSE:PLD).STAG focuses on single and smaller warehouse properties. The benefit to the REIT is that often these warehouses can be bought on the cheap and below replacement costs. Secondly, tenant pricing power and quality for many of these small- and mid-size firms allows STAG to charge higher rents than other warehouse REITs. Since 2007, rents for Non-Super Primary markets -- the fancy way of saying STAG's niche -- have grown by nearly 16%. This contrasts to just 9% growth for Super Primary ones. In the end, the combination of these two factors has helped support STAG's FFO growth and dividends.To reduce risk, STAG has grown large. Today, the REIT owns more than 409 properties and no tenant makes up more than 2.1% of its warehouses. A strong balance sheet doesn't hurt either.The best part is STAG is willing to share the wealth via a growing monthly dividend. All in all, STAG could be one fo the best ways for investors to become a landlord via REITs. Apple Hospitality (APLE)Source: Shutterstock Dividend Yield: 7.31%When it comes to REITs, the lodging industry is often overlooked by investors. That's because, unlike something like an apartment building or medical office, hotel demand is very economically sensitive. So, historically, the lodging REITs have been a more volatile subsector of the market. But there are ways to reduce that risk and score a monthly dividend. Case in point, Apple Hospitality (NYSE:APLE).APLE owns 234 hotels across 38 states. Like previously mentioned STAG, the win for Apple comes down to its niche. The hotelier focuses on so-called select-service or room's focused hotel properties. These fall within middle ground between budget conscience travelers and upper-scale consumers. Moreover, select-service hotels tend to be frequented by business travelers who aren't very price-sensitive given then tend to use expense accounts or receive reimbursements for travel. Top brands in APLE's portfolio include Hilton's (NYSE:HLT) Embassy Suites and Marriott's (NASDAQ:MAR) Courtyard, Residence Inn, and TownePlace Suites concepts.What's great about the middle ground is that operating margins tend to be better than even upscale hotels. There's less demand from clients, but the rooms are still nice and command a premium over budget hotels. As a result, Apple has some of the best operating margins in the lodging sector while still maintaining high revenues-per-available-room (RevPAR) numbers. * 7 Stocks to Buy Under $10 And it's used those margins to reduce debt, expand its portfolio of hotels and pay a steady 7.31% monthly dividend. LTC Properties Inc (LTC)Source: Shutterstock Dividend Yield: 4.50%Rising healthcare spending and the continued "Graying of America" could easily be two of the biggest megatrends facing investors these days. Better and greater access to healthcare solutions is only increasing longevity and our lifespans. That's a major problem considering the specialized facilities needed to care for the elderly. Luckily, LTC Properties (NYSE:LTC) is up to the task.The LTC stands for Long-Term Care and REIT invests in senior housing and assisted living facilities. This is a particularly sweet spot in the medical property market as demand for these facilities continues to grow as longevity rises and more seniors need aid. Even better is that private-pay facilities can generate very high margins from tenants. Currently, LTC has about 200 properties under its umbrella. However, it continues to add deals that are instantly accreditive to its bottom line.The cool thing about LTC is that it is considered a hybrid REIT. That is, it owns both physical properties as well as invests in mortgages/provides loans to other developers. This creates a varied income stream for the REIT that helps pads its bottom line. Also helping is that fact that LTC doesn't operate the facilities, it just simply collects a rent check. This eliminates many of the risks associated with the healthcare sector.What it all really does is make LTC an earnings machine. Last quarter, FFO did rise slightly despite plenty of building/construction activity for the REIT. Meanwhile, LTC has managed to raise its monthly dividend 32% since 2010. Currently, LTC yields 4.5%.Disclosure: At the time of writing, Aaron Levitt did not have a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Under $10 * 30 Marijuana Stocks to Buy as the Future Turns Green * 7 Consumer Stocks Ready to Rally Hard The post Be Your Own Landlord With These 3 Monthly Paying REITs appeared first on InvestorPlace.
Could Apple Hospitality REIT, Inc. (NYSE:APLE) be an attractive dividend share to own for the long haul? Investors are...