Analysts Set Apple Hospitality REIT Inc (APLE) Price Target at $20.33

Apple Hospitality REIT Inc (NYSE:APLE) has received a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $20.33.

A number of brokerages have recently issued reports on APLE. B. Riley reaffirmed a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. Barclays started coverage on Apple Hospitality REIT in a research note on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 target price for the company. BidaskClub cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. TheStreet cut Apple Hospitality REIT from a “b” rating to a “c” rating in a research note on Thursday. Finally, KeyCorp started coverage on Apple Hospitality REIT in a research note on Friday, January 12th. They set a “sector weight” rating for the company.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APLE. QS Investors LLC increased its stake in Apple Hospitality REIT by 383.1% in the second quarter. QS Investors LLC now owns 39,209 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 31,093 shares during the period. AXA lifted its holdings in shares of 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 purchasing an additional 448,192 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Apple Hospitality REIT by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,529,885 shares of the real estate investment trust’s stock valued at $28,931,000 after purchasing an additional 143,157 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Apple Hospitality REIT by 18,851.3% in the 4th quarter. Meeder Asset Management Inc. now owns 50,979 shares of the real estate investment trust’s stock valued at $999,000 after purchasing an additional 50,710 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Apple Hospitality REIT by 26.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 548,023 shares of the real estate investment trust’s stock valued at $10,358,000 after purchasing an additional 114,952 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Apple Hospitality REIT (NYSE:APLE) traded up $0.32 during trading hours on Tuesday, hitting $18.01. The stock had a trading volume of 1,763,330 shares, compared to its average volume of 1,452,787. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $4,017.33, a price-to-earnings ratio of 17.83, a PEG ratio of 2.04 and a beta of 0.55. Apple Hospitality REIT has a 12-month low of $17.49 and a 12-month high of $20.62.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, February 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, February 1st. This represents a $1.20 annualized dividend and a yield of 6.66%. Apple Hospitality REIT’s payout ratio is 118.81%.

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About Apple Hospitality REIT

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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