Apple Hospitality REIT (NYSE:APLE) Rating Increased to Hold at StockNews.com

Apple Hospitality REIT (NYSE:APLE) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

APLE has been the topic of several other reports. Wells Fargo & Company cut their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Oppenheimer reissued an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Apple Hospitality REIT presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Price Performance

Shares of APLE stock opened at $16.11 on Friday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 18.95 and a beta of 1.11. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $15.16 and its 200-day moving average is $14.69. Apple Hospitality REIT has a 1 year low of $13.60 and a 1 year high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The company had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. During the same quarter in the prior year, the company posted $0.45 EPS. Sell-side analysts forecast that Apple Hospitality REIT will post 1.6 EPS for the current fiscal year.

Institutional Trading of Apple Hospitality REIT

Several institutional investors have recently added to or reduced their stakes in APLE. TD Private Client Wealth LLC grew its holdings in shares of Apple Hospitality REIT by 14.6% during the third quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,490 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Apple Hospitality REIT in the 3rd quarter valued at about $1,778,000. Geode Capital Management LLC increased its stake in Apple Hospitality REIT by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock valued at $85,571,000 after acquiring an additional 62,149 shares during the last quarter. Barclays PLC lifted its position in Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock worth $6,273,000 after buying an additional 229,293 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Apple Hospitality REIT by 0.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 284,100 shares of the real estate investment trust’s stock worth $4,219,000 after acquiring an additional 2,200 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.

About Apple Hospitality REIT

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 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.