Brokerages Set Apple Hospitality REIT, Inc. (NYSE:APLE) Target Price at $13.00

Apple Hospitality REIT, Inc. (NYSE:APLE) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.00.

A number of analysts have weighed in on the company. Zacks Investment Research lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, March 15th. TheStreet upgraded Apple Hospitality REIT from a “d+” rating to a “c” rating in a report on Tuesday, February 23rd.

In other news, Director Howard E. Woolley bought 1,915 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The shares were purchased at an average cost of $15.66 per share, with a total value of $29,988.90. Following the transaction, the director now directly owns 1,915 shares in the company, valued at $29,988.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Oconnor LLC acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter valued at about $3,835,000. US Bancorp DE grew its position in shares of Apple Hospitality REIT by 41.1% during the 3rd quarter. US Bancorp DE now owns 14,107 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 4,112 shares during the period. California State Teachers Retirement System grew its position in shares of Apple Hospitality REIT by 2.2% during the 3rd quarter. California State Teachers Retirement System now owns 370,575 shares of the real estate investment trust’s stock valued at $3,561,000 after acquiring an additional 7,858 shares during the period. Principal Financial Group Inc. grew its position in shares of Apple Hospitality REIT by 29,416.2% during the 4th quarter. Principal Financial Group Inc. now owns 4,562,319 shares of the real estate investment trust’s stock valued at $58,898,000 after acquiring an additional 4,546,862 shares during the period. Finally, Boston Partners acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter valued at about $1,019,000. 64.24% of the stock is currently owned by institutional investors.

Apple Hospitality REIT stock opened at $15.10 on Monday. The business has a fifty day moving average of $14.71 and a two-hundred day moving average of $12.72. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.38 billion, a P/E ratio of -35.12 and a beta of 1.29. Apple Hospitality REIT has a twelve month low of $7.14 and a twelve month high of $16.06.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, February 22nd. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.09). Apple Hospitality REIT had a negative return on equity of 3.05% and a negative net margin of 12.73%. Equities analysts expect that Apple Hospitality REIT will post 0.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.26%. Apple Hospitality REIT’s dividend payout ratio is presently 2.45%.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (ÂREITÂ) 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 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.

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Analyst Recommendations for Apple Hospitality REIT (NYSE:APLE)

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