Apple Hospitality REIT (NYSE:APLE)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a research note issued on Friday. They currently have a $21.00 price target on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 7.42% from the stock’s current price.

APLE has been the subject of several other research reports. Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. TheStreet raised Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a report on Wednesday, November 1st. Finally, BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $20.50.

Apple Hospitality REIT (APLE) opened at $19.55 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4,360.84, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. Apple Hospitality REIT has a twelve month low of $17.49 and a twelve month high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. equities research analysts expect that Apple Hospitality REIT will post 1.74 earnings per share for the current year.

In related news, insider Glade M. Knight bought 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $19.18 per share, with a total value of $95,900.00. Following the acquisition, the insider now owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APLE. SG Americas Securities LLC grew its position in Apple Hospitality REIT by 4.2% during the 2nd quarter. SG Americas Securities LLC now owns 11,771 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 471 shares during the last quarter. American Century Companies Inc. grew its position in Apple Hospitality REIT by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 65,840 shares of the real estate investment trust’s stock worth $1,232,000 after acquiring an additional 5,254 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Apple Hospitality REIT by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,956 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 1,481 shares during the last quarter. Principal Financial Group Inc. grew its position in Apple Hospitality REIT by 14.6% during the 2nd quarter. Principal Financial Group Inc. now owns 33,543 shares of the real estate investment trust’s stock worth $628,000 after acquiring an additional 4,269 shares during the last quarter. Finally, Pacad Investment Ltd. grew its position in Apple Hospitality REIT by 319.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,800 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 6,700 shares during the last quarter. Institutional investors and hedge funds own 50.91% of the company’s stock.

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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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