The stock of Apple Hospitality REIT Inc (NYSE:APLE) last traded at $15.60, down -1.02% from the previous session.
Data from the available sources indicates that Apple Hospitality REIT Inc (NYSE:APLE) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $17.00, we find $18.00. Given the previous closing price of $15.76, this indicates a potential upside of 14.21 percent. APLE stock price is now -0.43% away from the 50-day moving average and 0.26% away from the 200-day moving average. The market capitalization of the company currently stands at $3.57B.
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In total, 3 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $18.00 as their price target over the next twelve months.
In other news, KNIGHT GLADE M, Executive Chairman bought 5,000 shares of the company’s stock on Aug 11. The stock was bought for $75,338 at an average price of $15.07. Upon completion of the transaction, the Executive Chairman now directly owns 573,109 shares in the company, valued at $8.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31, Director Hugh Redd bought 1,000 shares of the business’s stock. A total of $14,480 was incurred on buying the stock at an average price of $14.48. This leaves the insider owning 110,997 shares of the company worth $1.73 million. Insiders disposed of 352,392 shares of company stock worth roughly $5.5 million over the past 1 year. A total of 6.79% of the company’s stock is owned by insiders.
With an opening price of $15.89 on Thursday morning, Apple Hospitality REIT Inc (NYSE: APLE) set off the trading day. During the past 12 months, Apple Hospitality REIT Inc has had a low of $13.66 and a high of $18.22. The fifty day moving average price for APLE is $15.67 and a two-hundred day moving average price translates $15.56 for the stock.
The latest earnings results from Apple Hospitality REIT Inc (NYSE: APLE) was released for Sep, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.22 by 0.07. This compares to $0.26 EPS in the same period last year. The net profit margin was 12.16% and return on equity was 5.00% for APLE. The company reported revenue of $358.26 million for the quarter, compared to $341.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.02 percent. For the current quarter, analysts expect APLE to generate $353.3M in revenue.
Apple Hospitality REIT Inc(APLE) 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, rooms-focused hotels in the United States. Apple Hospitality’s portfolio consists of 220 hotels with more than 28,900 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties. Concentrated with industry-leading brands, the Company’s hotel portfolio consists of 97 Marriott-branded hotels, 119 Hilton-branded hotels and four Hyatt-branded hotels.
