Apple Hospitality REIT Inc. (NYSE: APLE) is -7.48% lower on its value in year-to-date trading and has touched a low of $13.66 and a high of $18.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The APLE stock was last observed hovering at around $14.91 in the last trading session, with the day’s loss setting it -0.31% off its average median price target of $19.00 for the next 12 months. It is also 30.48% off the consensus price target high of $21.00 offered by 8 analysts, but current levels are 14.12% higher than the price target low of $17.00 for the same period.
Currently trading at $14.60, the stock is -3.73% and -3.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing -2.08% at the moment leaves the stock -8.62% off its SMA200. APLE registered -6.05% loss for a year compared to 6-month loss of -10.68%. The firm has a 50-day simple moving average (SMA 50) of $3.75 and a 200-day simple moving average (SMA200) of $11.94.
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The stock witnessed a -2.28% gain in the last 1 month and extending the period to 3 months gives it a -13.71%, and is -5.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.39% over the week and 2.35% over the month.
Apple Hospitality REIT Inc. (APLE) has around 63 employees, a market worth around $3.37B and $1.29B in sales. Current P/E ratio is 20.95 and Fwd P/E is 16.04. Profit margin for the company is 12.40%. Distance from 52-week low is 6.88% and -19.87% from its 52-week high. The company has generated returns on investments over the last 12 months (4.40%).
Apple Hospitality REIT Inc. (APLE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Apple Hospitality REIT Inc. (APLE) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 2 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Apple Hospitality REIT Inc. is expected to release its quarterly report on 08/07/2023.The EPS is expected to grow by 660.40% this year
Apple Hospitality REIT Inc. (APLE) Top Institutional Holders
The shares outstanding are 229.40M, and float is at 213.11M with Short Float at 1.42%.
Apple Hospitality REIT Inc. (APLE) Insider Activity
A total of 49 insider transactions have happened at Apple Hospitality REIT Inc. (APLE) in the last six months, with sales accounting for 21 and purchases happening 28 times. The most recent transaction is an insider purchase by KNIGHT GLADE M, the company’s Executive Chairman. SEC filings show that KNIGHT GLADE M bought 5,000 shares of the company’s common stock on May 05 at a price of $15.50 per share for a total of $77496.0. Following the purchase, the insider now owns 0.57 million shares.
Apple Hospitality REIT Inc. disclosed in a document filed with the SEC on May 05 that Rash Matthew (SVP & Chief Legal Officer) bought a total of 648 shares of the company’s common stock. The trade occurred on May 05 and was made at $15.40 per share for $9982.0. Following the transaction, the insider now directly holds 0.17 million shares of the APLE stock.
Still, SEC filings show that on Mar 14, Woolley Howard E. (Director) acquired 1,000 shares at an average price of $15.54 for $15545.0. The insider now directly holds 6,135 shares of Apple Hospitality REIT Inc. (APLE).
Apple Hospitality REIT Inc. (APLE): Who are the competitors?
The company’s main competitors (and peers) include Realty Income Corporation (O) that is trading -12.09% down over the past 12 months. New York Mortgage Trust Inc. (NYMT) is -11.96% down on the 1-year trading charts.
