Apple Hospitality REIT (APLE) Rating Reiterated by Robert W. Baird

Apple Hospitality REIT (NYSE:APLE)‘s stock had its “buy” rating restated by analysts at Robert W. Baird in a research report issued on Friday. They currently have a $21.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price target would indicate a potential upside of 7.42% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. BidaskClub cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. TheStreet raised Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, December 8th. Finally, B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.50.

Shares of Apple Hospitality REIT (APLE) opened at $19.55 on Friday. The stock has a market capitalization of $4,360.84, a PE ratio of 11.17, a PEG ratio of 2.22 and a beta of 0.62. Apple Hospitality REIT has a 52 week low of $17.49 and a 52 week high of $20.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to the consensus estimate of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. research analysts expect that Apple Hospitality REIT will post 1.74 earnings per share for the current year.

In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $19.18 per share, with a total value of $95,900.00. Following the transaction, the insider now owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of APLE. BlackRock Inc. lifted its position in shares of Apple Hospitality REIT by 10.7% during the 2nd quarter. BlackRock Inc. now owns 13,276,704 shares of the real estate investment trust’s stock worth $248,408,000 after purchasing an additional 1,282,080 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Apple Hospitality REIT by 5,789.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 830,431 shares of the real estate investment trust’s stock valued at $15,704,000 after acquiring an additional 816,331 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Apple Hospitality REIT by 36.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,167,127 shares of the real estate investment trust’s stock valued at $40,981,000 after acquiring an additional 582,794 shares in the last quarter. Cohen & Steers Inc. raised its holdings in Apple Hospitality REIT by 7.8% in the 3rd quarter. Cohen & Steers Inc. now owns 6,988,766 shares of the real estate investment trust’s stock valued at $132,158,000 after acquiring an additional 507,598 shares in the last quarter. Finally, AXA raised its holdings in Apple Hospitality REIT by 533.8% in the 3rd quarter. AXA now owns 532,155 shares of the real estate investment trust’s stock valued at $10,063,000 after acquiring an additional 448,192 shares in the last quarter. 50.91% of the stock is owned by institutional investors and hedge funds.

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Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

Analyst Recommendations for Apple Hospitality REIT (NYSE:APLE)

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