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Apple Hospitality REIT Inc (APLE) Is Now En Route to Higher Prices

Apple Hospitality REIT Inc (NYSE: APLE) is -15.89% lower on its value in year-to-date trading and has touched a low of $13.96 and a high of $17.85 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 $14.13 in the last trading session, with the day’s loss setting it -0.16%.

Currently trading at $13.97, the stock is -3.00% and -4.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.0 million and changing -1.13% at the moment leaves the stock -11.34% off its SMA200. APLE registered -8.30% loss for a year compared to 6-month loss of -17.14%.

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The stock witnessed a -2.99% gain in the last 1 month and extending the period to 3 months gives it a -13.82%, and is -2.17% 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 1.19% over the week and 1.58% over the month.

Apple Hospitality REIT Inc (APLE) has around 63 employees, a market worth around $3.39B and $1.36B in sales. Current P/E ratio is 16.36 and Fwd P/E is 15.88. Profit margin for the company is 14.58%. Distance from 52-week low is 0.07% and -21.73% from its 52-week high. The company has generated returns on investments over the last 12 months (4.11%).

with sales reaching $387.85M over the same period.The EPS is expected to grow by 19.74% this year, but quarterly earnings will post 7.30% year-over-year. Quarterly sales are estimated to grow 7.30% in year-over-year returns.

Apple Hospitality REIT Inc (APLE) Top Institutional Holders

The shares outstanding are 241.52M, and float is at 226.19M with Short Float at 4.27%.

Apple Hospitality REIT Inc (APLE) Insider Activity

The most recent transaction is an insider purchase by KNIGHT GLADE M,the company’sExecutive Chairman. SEC filings show that KNIGHT GLADE M bought 5,000 shares of the company’s common stock on May 21 ’24 at a price of $14.78 per share for a total of $73900.0. Following the purchase, the insider now owns 0.63 million shares.

Apple Hospitality REIT Inc disclosed in a document filed with the SEC on May 17 ’24 that Bunting Glenn W Jr (Director) bought a total of 549 shares of the company’s common stock. The trade occurred on May 17 ’24 and was made at $14.58 per share for $8004.0. Following the transaction, the insider now directly holds 10549.0 shares of the APLE stock.

Still, SEC filings show that on May 16 ’24, Hugh Redd (Director) acquired 1,000 shares at an average price of $14.73 for $14730.0. The insider now directly holds 125,223 shares of Apple Hospitality REIT Inc (APLE).

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