Apple Hospitality REIT (NYSE:APLE) Upgraded at StockNews.com

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

APLE has been the subject of several other research reports. Oppenheimer reiterated an “outperform” rating and issued a $17.00 target price on shares of Apple Hospitality REIT in a research note on Friday, October 4th. Wells Fargo & Company reduced their target price on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Apple Hospitality REIT presently has a consensus rating of “Hold” and an average price target of $16.25.

Apple Hospitality REIT Stock Performance

Shares of NYSE:APLE traded up $0.98 during midday trading on Wednesday, hitting $15.74. The company’s stock had a trading volume of 4,405,873 shares, compared to its average volume of 2,065,199. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50 day simple moving average is $14.79 and its 200 day simple moving average is $14.63. Apple Hospitality REIT has a fifty-two week low of $13.60 and a fifty-two week high of $17.90. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 18.52 and a beta of 1.11.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.91% and a return on equity of 6.30%. 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 previous year, the business posted $0.45 EPS. As a group, research analysts anticipate that Apple Hospitality REIT will post 1.6 earnings per share for the current year.

Insider Transactions at Apple Hospitality REIT

In related news, Chairman Glade M. Knight purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $14.04 per share, with a total value of $70,200.00. Following the completion of the acquisition, the chairman now directly owns 636,990 shares in the company, valued at approximately $8,943,339.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Apple Hospitality REIT

A number of institutional investors have recently bought and sold shares of the business. EdgeRock Capital LLC bought a new position in shares of Apple Hospitality REIT during the second quarter worth $26,000. Quarry LP lifted its position in Apple Hospitality REIT by 127.5% in the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,290 shares in the last quarter. GAMMA Investing LLC lifted its position in Apple Hospitality REIT by 40.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 780 shares in the last quarter. Covestor Ltd lifted its position in Apple Hospitality REIT by 115.6% in the 1st quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,313 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in Apple Hospitality REIT by 4,406.5% in the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 5,420 shares in the last quarter. Institutional investors and hedge funds 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.