Apple Hospitality REIT Inc (NYSE: APLE) is -7.65% lower on its value in year-to-date trading and has touched a low of $13.60 and a high of $17.37 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 $15.25 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $15.34, the stock is -4.34% and -1.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing 0.59% at the moment leaves the stock 1.86% off its SMA200. APLE registered -9.29% loss for a year compared to 6-month gain of 5.14%. The firm has a 50-day simple moving average (SMA 50) of $15.5506 and a 200-day simple moving average (SMA200) of $15.0649.
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The stock witnessed a -0.65% loss in the last 1 month and extending the period to 3 months gives it a -0.07%, and is -4.72% 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 2.67% over the week and 1.87% over the month.
Apple Hospitality REIT Inc (APLE) has around 63 employees, a market worth around $3.68B and $1.41B in sales. Current P/E ratio is 17.99 and Fwd P/E is 18.12. Profit margin for the company is 14.53%. Distance from 52-week low is 12.79% and -11.68% from its 52-week high. The company has generated returns on investments over the last 12 months (4.18%).
with sales reaching $327.04M over the same period.The EPS is expected to grow by 12.34% this year, but quarterly earnings will post 6.08% year-over-year. Quarterly sales are estimated to grow 4.67% in year-over-year returns.
441.0 institutions hold shares in Apple Hospitality REIT Inc (APLE), with institutional investors hold 94.78% of the company’s shares. The shares outstanding are 239.93M, and float is at 223.49M with Short Float at 4.05%. Institutions hold 88.49% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 40.69 million shares valued at $591.63 million. The investor’s holdings represent 16.7858 of the APLE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 36.22 million shares valued at $526.7 million to account for 14.9434 of the shares outstanding. The other top investors are STATE STREET CORP which holds 13.07 million shares representing 5.392 and valued at over $191.07 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 3.6772 of the shares totaling 8.91 million with a market value of $129.61 million.
Apple Hospitality REIT Inc (APLE) Insider Activity
The most recent transaction is an insider purchase by Hugh Redd, the company’s Director. SEC filings show that Hugh Redd bought 1,000 shares of the company’s common stock on Aug 21 ’24 at a price of $14.10 per share for a total of $14095.0. Following the purchase, the insider now owns 0.13 million shares.
Apple Hospitality REIT Inc disclosed in a document filed with the SEC on Aug 08 ’24 that KNIGHT GLADE M (Executive Chairman) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $14.04 per share for $70225.0. Following the transaction, the insider now directly holds 0.64 million shares of the APLE stock.
Still, SEC filings show that on May 21 ’24, KNIGHT GLADE M (Executive Chairman) acquired 5,000 shares at an average price of $14.78 for $73900.0. The insider now directly holds 631,990 shares of Apple Hospitality REIT Inc (APLE).
