Investors Weigh In: APLD's Q3 Earnings Performance

APLD Set to Report Q3 Earnings: Buy, Sell, or Hold the Stock?

Apple Hospitality REIT Inc. (APLD) is set to report its third-quarter earnings on October 26. The real estate investment trust (REIT) has been a popular choice among investors looking for steady income and diversification.

In the second quarter, APLD reported a net loss of $0.02 per share, missing analysts' estimates by a wide margin. However, the company's funds from operations (FFO) per share of $0.22 beat expectations by $0.01.

For the third quarter, analysts expect APLD to report FFO per share of $0.24, representing a 12.5% year-over-year increase. The consensus estimate is based on 11 analyst estimates.

APLD has a history of beating earnings estimates, with a surprise percentage of 23.1% over the past four quarters. This consistency could be a key factor for investors considering the stock.

In terms of valuation, APLD has a forward price-to-FFO ratio of 11.5, which is slightly below the industry average of 12.5. The stock has a market capitalization of $2.3 billion and a dividend yield of 3.6%.

Given the company's history of beating earnings estimates and its relatively low valuation, it's possible that APLD could be a buy for investors looking for a steady income stream. However, it's also important to consider the company's overall performance and the broader market conditions before making a decision.

Overall, APLD's upcoming earnings report could have a significant impact on the stock's price in the short term. Investors who are considering the stock may want to wait until the report is released before making a decision.