12 Monthly Dividend Stocks with Over 5% Yield

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9. Apple Hospitality REIT, Inc. (NYSE:APLE)

Dividend Yield as of January 14: 6.50%

Apple Hospitality REIT, Inc. (NYSE:APLE) is a Virginia-based real estate investment trust company that mainly operates in hotel properties across the US. In the third quarter of 2024, business travel demand gradually improved, while leisure travel stayed strong, supporting solid operational performance across the portfolio. Comparable Hotels saw a RevPAR increase of about 1% compared to the third quarter of 2023. Preliminary October figures showed occupancy around 80% with additional growth in the average daily rate (ADR). The company’s Q3 revenue reached $378.8 million, a 5.75% increase from the same period last year, with operating income growing 2% year-over-year to $77.7 million.

Apple Hospitality REIT, Inc. (NYSE:APLE) has also grabbed investors’ attention on the dividend front. The company has been making regular dividend payments since 2008. In addition, it also has a history of rewarding shareholders with supplemental dividends. The company’s monthly dividend comes in at $0.05 per share. With a dividend yield of 6.5% as of January 14, APLE is one of the best dividend stocks on our list.

Analysts have also appreciated Apple Hospitality REIT, Inc. (NYSE:APLE)’s performance and its portfolio. In December, BMO Capital began covering the stock with an Outperform rating and a price target of $18. An analyst noted that the company is the largest dedicated select-service lodging REIT, highlighting its high-quality and diverse portfolio. In a research note, the firm expressed a positive outlook, emphasizing the company’s defensive strengths and its potential to benefit from increases in revenue per available room (RevPAR).

Apple Hospitality REIT, Inc. (NYSE:APLE) was included in 19 hedge fund portfolios at the end of Q3 2024, the same as in the previous quarter, as per Insider Monkey’s database. The stakes owned by these funds are worth more than $98.4 million. Among these hedge funds, Balyasny Asset Management was the company’s leading stakeholder in Q3.

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