APLE has been the subject of a number of other reports. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Janney Montgomery Scott began coverage on Apple Hospitality REIT in a report on Monday, December 16th. They issued a “buy” rating and a $18.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.75.
Shares of APLE stock opened at $15.68 on Wednesday. Apple Hospitality REIT has a 12-month low of $14.65 and a 12-month high of $16.90. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 9.12 and a beta of 0.78. The business has a 50 day simple moving average of $16.01 and a 200 day simple moving average of $15.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.38 and a quick ratio of 0.38.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.24). Apple Hospitality REIT had a return on equity of 5.37% and a net margin of 14.20%. The business had revenue of $331.72 million during the quarter, compared to the consensus estimate of $328.85 million. During the same period last year, the company earned $0.47 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Apple Hospitality REIT will post 1.65 EPS for the current fiscal year.
In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $16.26 per share, with a total value of $81,300.00. Following the acquisition, the chairman now directly owns 10,138,812 shares of the company’s stock, valued at approximately $164,857,083.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased a total of 7,000 shares of company stock valued at $113,470 over the last three months. Corporate insiders own 6.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd boosted its stake in Apple Hospitality REIT by 159.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,355 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,448 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Apple Hospitality REIT by 113.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,386 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,267 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in Apple Hospitality REIT by 180.5% during the 3rd quarter. Enterprise Financial Services Corp now owns 4,011 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 2,581 shares in the last quarter. Usca Ria LLC bought a new position in Apple Hospitality REIT during the 3rd quarter valued at $67,000. Finally, Penserra Capital Management LLC boosted its stake in Apple Hospitality REIT by 56.8% during the 3rd quarter. Penserra Capital Management LLC now owns 4,664 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,689 shares in the last quarter. 60.17% of the stock is owned by hedge funds and other institutional investors.
Apple Hospitality REIT Company Profile
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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.
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