Apple Hospitality REIT (NYSE:APLE) Receives Outperform Rating from Oppenheimer

Apple Hospitality REIT (NYSE:APLE)‘s stock had its “outperform” rating restated by analysts at Oppenheimer in a report issued on Friday,Benzinga reports. They currently have a $18.00 price target on the real estate investment trust’s stock, up from their previous price target of $17.00. Oppenheimer’s price objective would suggest a potential upside of 12.99% from the stock’s current price.

Several other research firms have also commented on APLE. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company lowered 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 report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Trading Up 2.0 %

NYSE APLE opened at $15.93 on Friday. Apple Hospitality REIT has a 1 year low of $13.60 and a 1 year high of $17.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.75. The company has a market capitalization of $3.82 billion, a PE ratio of 18.74 and a beta of 1.11. The company has a fifty day moving average of $14.84 and a 200 day moving average of $14.63.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in Apple Hospitality REIT by 27.2% during the first quarter. BNP Paribas Financial Markets now owns 108,191 shares of the real estate investment trust’s stock worth $1,772,000 after acquiring an additional 23,127 shares during the period. Texas Permanent School Fund Corp raised its position in shares of Apple Hospitality REIT by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 186,232 shares of the real estate investment trust’s stock worth $3,050,000 after purchasing an additional 2,436 shares during the last quarter. SG Americas Securities LLC lifted its stake in Apple Hospitality REIT by 196.2% in the 1st quarter. SG Americas Securities LLC now owns 28,322 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 18,760 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Apple Hospitality REIT in the 1st quarter worth about $278,000. Finally, Inspire Advisors LLC boosted its holdings in Apple Hospitality REIT by 13.9% in the 1st quarter. Inspire Advisors LLC now owns 12,380 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,511 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Company Profile

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.