Latest news with #AppleHospitality
Forbes
20-06-2025
- Business
- Forbes
These 5 Below Book Value REITs Are Paying Dividends
Below book value REITs getty These five real estate investment trusts trade below their book value and they all pay dividends. They represent the diversity found among REITs: one has a multifamily-oriented approach. One favors mortgage assets. Another is involved in real estate projects for the regulated cannabis industry. The market caps vary widely as well. The smallest has market capitalization of just over $128 million. The largest has a market cap of $5.94 billion. Several of these names are components of the Russell 2000 small caps exchange traded fund. All are New York Stock Exchange listed Angel Oak Mortgage REIT. Angel Oak Mortgage weekly price chart, 6 20 25. This real estate investment trust is involved mortgage-related assets including non-conventional loans (known as non-QM). Angel Oak has a market cap of $213.39 million. It's a holding of the Russell 2000 small caps ETF. The REIT trades at 85% of its book value and pays a 14.10% dividend. The current price of $9.09 is below a down-trending 50-day moving average and below the mid-2024 peak of just above $11.50. Apple Hospitality REIT. Apple Hospitality REIT weekly price chart, 6 20 25. Apple Hospitality is a hotel and motel REIT with a market cap of $2.76 billion. It's a Russell 2000 small caps ETF holding. Now trading at a 14% discount to book, Apple pays a dividend of 8.42%. The price-earnings ratio is 14.64. The debt-to-equity ratio is .51. The weekly chart shows that the price in April 2025 took out the previous low from September 2022. It's bounced since then but the 50-week moving average just crossed below the 200-week moving average, a sign of the recent underlying weakness. Innovative Industrial Properties. Innovative Industrial Properties weekly price chart, 6 20 25. This REIT invests in the real estate properties of the state-licensed cannabis industry. The market cap is $1.61 billion. Innovative Industrial is a holding of the Russell 2000 small caps ETF. It's available for purchase at 86% of its book value. The company offers investors a 12.24% dividend. The price currently trades below both the 50-week and the 200-week moving averages. In April 2025, it dropped below the April 2023 low, a previous support level. Lument Finance Trust. Lument Finance Trust weekly price chart, 6 20 25. This one is a mortgage REIT with a market cap of just $130.55 million. It trades at a 25% discount to its book value. The dividend is 12.83%. The price-earnings ratio is 12.53 and the debt-to-equity ratio is 3.53. Lument Finance is lightly traded with an average daily volume of just 121,000 shares. The price is in an uptrend on the weekly chart above. Note that it trades above the 50-week and the 200-week moving averages. Rithm Capital. Rithm Capital weekly price chart, 6 20 25. Rithm Capital is another of the mortgage REITs. The market cap is $5.95 billion. It trades at a 9% discount to book value with a price-earnings ratio of 9.37. The debt-to-equity ratio is 4.34. Rithm offers a 8.91% dividend. Piper Sandler in April upgraded their opinion of the REIT from 'neutral' to 'overweight.' On the weekly chart above, you can see how the price is in an uptrend, now trading above the 50-week and the 200-week moving averages. Stats courtesy of Charts courtesy of No artificial intelligence was used in the writing of this post. More analysis and commentary at
Yahoo
17-06-2025
- Business
- Yahoo
Apple Hospitality REIT, Inc. (APLE) Acquires Homewood Suites by Hilton Tampa; BMO Trims PT
Apple Hospitality REIT, Inc. (NYSE:) announced its acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon on June 11, 2025. The acquisition was made at a price below replacement cost. The $18.8 million acquisition was finalized at $149,000 per key, with a 12% cap rate. Furthermore, the acquisition is located in the Tampa East submarket, which saw a YoY RevPar growth of 15% through April 2025. APLE is one of the 7 52-Week Low Dividend Stocks to Consider. A sweeping aerial view of a hospitality service lodge nestled atop a lush hillside. Apple Hospitality REIT, Inc. (NYSE:APLE) manages a diversified portfolio of 221 high-end hotels across 37 U.S. states and D.C., comprising 29,900 rooms. As of the time of writing this article, the company has a market cap of $2.77 billion and a share price of $11.64. However, the stock's rating was downgraded by BMO Capital Markets from 'Outperform' to 'Market Perform', with the price target revised down from $14 to $12. The analyst associated the downgrade with instability in demand for lodging. Nevertheless, Apple Hospitality REIT, Inc. (NYSE:APLE) is well-positioned to optimize market exposure while navigating broader market challenges through its planned acquisition of a Motto by Hilton in Nashville and the sale of its Houston Marriott. APLE is one of the best 52-week low stocks. While we acknowledge the potential of APLE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
12-06-2025
- Business
- Yahoo
Apple Hospitality REIT buys Homewood Suites by Hilton Tampa-Brandon for $18.8M
Apple Hospitality REIT (APLE) announced the acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon for a total purchase price of $18.8M, or approximately $149,000 per key. Following the acquisition of the Homewood Suites Tampa-Brandon, the Apple Hospitality hotel portfolio includes 221 hotels with 29,893 guest rooms geographically diversified throughout 37 states and the District of Columbia. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on APLE: Disclaimer & DisclosureReport an Issue Cautious Outlook: Hold Rating for Apple Hospitality REIT Amid Uneven Demand and Performance Challenges Apple Hospitality downgraded to Market Perform from Outperform at BMO Capital Apple Hospitality REIT Releases Updated Investor Presentation Apple Hospitality REIT Extends Share Repurchase Program Apple Hospitality REIT Updates Investor Presentation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12-06-2025
- Business
- Business Wire
Apple Hospitality REIT Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the 'Company' or 'Apple Hospitality') today announced that it plans to report second quarter 2025 financial results after the market closes on Wednesday, August 6, 2025, and host a conference call for investors and interested parties at 10:00 a.m. Eastern Time on Thursday, August 7, 2025, to discuss the results. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial 844-826-3035, and participants from outside the U.S. should dial 412-317-5195. Participants may also access the call via live webcast by visiting the Investor Information section of the Company's website at A replay of the call will be available from approximately 2:00 p.m. Eastern Time on August 7, 2025, through 11:59 p.m. Eastern Time on August 21, 2025. To access the replay, the domestic dial-in number is 844-512-2921, the international dial-in number is 412-317-6671, and the passcode is 10200511. In addition, an archive of the webcast will be available on the Company's website for a limited time. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: 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. Apple Hospitality's portfolio consists of 221 hotels with approximately 29,900 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 118 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit
Business Wire
12-06-2025
- Business
- Business Wire
Apple Hospitality REIT Acquires Homewood Suites by Hilton Tampa-Brandon
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the 'Company' or 'Apple Hospitality') today announced the acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon (the 'Hotel') for a total purchase price of $18.8 million, or approximately $149,000 per key. 'We are pleased to expand our portfolio with the acquisition of the Homewood Suites Tampa-Brandon, which is ideally located adjacent to our Embassy Suites in the same market,' said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. 'Our acquisition of this Hotel represents a unique opportunity to expand our ownership in a submarket that continues to perform well for us at a purchase price below replacement cost. The Hotel was offered for sale by the loan servicer, and the $18.8 million purchase price represents a 12% cap rate on trailing twelve-month results through April of this year and a high single-digit cap rate after all anticipated capital expenditures. We anticipate that additional upside from operational synergies and improved market positioning following our planned renovation will further enhance returns on our investment. Our execution of this transaction in the current environment illustrates the underlying strength of our platform and our ability to effectively and efficiently deploy capital to maximize total shareholder returns over the long term.' Located at 10240 Palm River Road, Tampa, Florida, the Hotel is just a short drive from downtown. Tampa, the third largest city in Florida, has seen robust economic growth in recent years and benefits from a wide variety of business and leisure demand generators that span conventions, sporting events, life sciences and health care, academics, manufacturing and logistics, insurance, financial and professional services, technology, and more. Numerous corporate offices have locations in Tampa, with Coca-Cola Beverages Florida, USAA, Optum, Progressive Insurance, Citi Tampa, JPMorganChase, Cirkul, Spectrum Business and Rooms To Go, among others, located near the Hotel. Leisure attractions and sports tourism drive significant travel to the area, and the Hotel is a short drive from the Florida State Fairgrounds, Busch Gardens Tampa Bay, The Florida Aquarium, ZooTampa at Lowry Park, the Tampa Riverwalk, Amalie Arena, Raymond James Stadium, George M. Steinbrenner Field and Tropicana Field. Additionally, the Hotel is convenient to HCA Florida Brandon Hospital, Tampa General Hospital's Brandon Healthplex, the recently renovated Tampa Convention Center, the University of South Florida and the University of Tampa. According to data provided by STR for the trailing twelve months ended April 30, 2025, revenue per available room ('RevPAR') for the Tampa East, FL submarket improved by approximately 15% year over year. As previously announced, the Company continues to have one additional hotel under contract for purchase, a Motto by Hilton that is under development in downtown Nashville, Tennessee, for an anticipated total purchase price of approximately $98.2 million with an expected 260 rooms, which the Company anticipates acquiring in late 2025 following completion of construction. The Company also continues to have one hotel under contract for sale, its 206-room Houston Marriott Energy Corridor for a gross sales price of approximately $16.0 million. The Company expects to complete the sale of the hotel in the third quarter 2025. There are many conditions to closing on the purchase and sale of these hotels that have not yet been satisfied, and there can be no assurance that closings will occur under the outstanding agreements. Following the acquisition of the Homewood Suites Tampa-Brandon, the Apple Hospitality hotel portfolio includes 221 hotels with 29,893 guest rooms geographically diversified throughout 37 states and the District of Columbia. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: 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. Apple Hospitality's portfolio consists of 221 hotels with approximately 29,900 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 118 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit Forward-Looking Statements Disclaimer This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically identified by use of statements that include phrases such as 'may,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'project,' 'target,' 'goal,' 'plan,' 'should,' 'will,' 'predict,' 'potential,' 'outlook,' 'strategy,' and similar expressions that convey the uncertainty of future events or outcomes. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the ability of the Company to effectively acquire and dispose of properties and redeploy proceeds; the anticipated timing and frequency of shareholder distributions; the ability of the Company to fund capital obligations; the ability of the Company to successfully integrate pending transactions and implement its operating strategy; changes in general political, economic and competitive conditions and specific market conditions (including the potential effects of tariffs, inflation or a recessionary environment); reduced business and leisure travel due to geopolitical uncertainty, including terrorism and acts of war; travel-related health concerns, including widespread outbreaks of infectious or contagious diseases in the U.S.; inclement weather conditions, including natural disasters such as hurricanes, earthquakes and wildfires; government shutdowns, airline strikes or equipment failures or other disruptions; adverse changes in the real estate and real estate capital markets; financing risks; changes in interest rates; litigation risks; regulatory proceedings or inquiries; and changes in laws or regulations or interpretations of current laws and regulations that impact the Company's business, assets or classification as a REIT. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore there can be no assurance that such statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the results or conditions described in such statements or the objectives and plans of the Company will be achieved. In addition, the Company's qualification as a REIT involves the application of highly technical and complex provisions of the Internal Revenue Code of 1986, as amended. Readers should carefully review the risk factors described in the Company's filings with the Securities and Exchange Commission, including but not limited to those discussed in the section titled 'Risk Factors' in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Any forward-looking statement that the Company makes speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements or cautionary factors, as a result of new information, future events, or otherwise, except as required by law.
