Apple Hospitality REIT (APLE) missed Q1 FY earnings estimates with $0.22 EPS vs $0.34 consensus and announced a $0.08/share monthly dividend.

Apple Hospitality REIT (APLE) missed Q1 FY earnings estimates, reporting $0.22 EPS vs $0.34 consensus. Revenue was $329.51M, slightly above expectations. The company announced a $0.08/share monthly dividend, with a "hold" rating from StockNews.com and MarketBeat at $18.40 target price. With 223 hotels across 87 markets in 37 states, APLE has over 29,400 guest rooms.