Stocks of Apple Hospitality REIT Inc (NYSE:APLE) traded higher last session on Wall Street, up 0.64% to $15.71.
APLE stock price is now 1.08% away from the 50-day moving average and 4.77% away from the 200-day moving average. The market capitalization of the company currently stands at $3.77B.
With the price target of $18, BMO Capital Markets recently initiated with Outperform rating for Apple Hospitality REIT Inc (NYSE: APLE). On June 03, 2024, Wedbush recently initiated its ‘Neutral’ rating on the stock quoting a target price of $15, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Hugh Redd, Director bought 1,000 shares of the company’s stock on Aug 21 ’24. The stock was bought for $14,095 at an average price of $14.10. Upon completion of the transaction, the Director now directly owns 126,223 shares in the company, valued at $1.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, Executive Chairman KNIGHT GLADE M bought 5,000 shares of the business’s stock. A total of $70,225 was incurred on buying the stock at an average price of $14.04. This leaves the insider owning 636,990 shares of the company worth $10.01 million. A total of 6.78% of the company’s stock is owned by insiders.
During the past 12 months, Apple Hospitality REIT Inc has had a low of $13.56 and a high of $17.02. The fifty day moving average price for APLE is $15.5748 and a two-hundred day moving average price translates $15.04855 for the stock.
The latest earnings results from Apple Hospitality REIT Inc (NYSE: APLE) was released for 2024-09-30. The net profit margin was 14.53% and return on equity was 6.34% for APLE. The company reported revenue of $378.84 million for the quarter, compared to $358.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.75 percent.
