The stock of Apple Hospitality REIT Inc (NYSE:APLE) is a huge mover today! About 560,929 shares traded hands. Apple Hospitality REIT Inc (NYSE:APLE) has declined 3.49% since April 26, 2016 and is downtrending. It has underperformed by 8.75% the S&P500.
The move comes after 7 months positive chart setup for the $4.12 billion company. It was reported on Nov, 29 by Barchart.com. We have $19.45 PT which if reached, will make NYSE:APLE worth $206.00M more.
Analysts await Apple Hospitality REIT Inc (NYSE:APLE) to report earnings on February, 23. They expect $0.37 earnings per share, up 5.71% or $0.02 from last year’s $0.35 per share. APLE’s profit will be $82.31M for 12.51 P/E if the $0.37 EPS becomes a reality. After $0.49 actual earnings per share reported by Apple Hospitality REIT Inc for the previous quarter, Wall Street now forecasts -24.49% negative EPS growth.
Apple Hospitality REIT Inc (NYSE:APLE) Ratings Coverage
Out of 5 analysts covering Apple Hospitality REIT (NYSE:APLE), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. Apple Hospitality REIT has been the topic of 8 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Robert W. Baird downgraded Apple Hospitality REIT Inc (NYSE:APLE) on Thursday, January 7 to “Neutral” rating. The stock of Apple Hospitality REIT Inc (NYSE:APLE) has “Neutral” rating given on Wednesday, November 11 by Ladenburg Thalmann. The firm earned “Outperform” rating on Friday, August 28 by Robert W. Baird. The firm has “Sell” rating by Ladenburg Thalmann given on Tuesday, January 19. The rating was initiated by Canaccord Genuity with “Buy” on Wednesday, December 16. JMP Securities initiated the stock with “Market Outperform” rating in Friday, September 18 report. As per Friday, January 8, the company rating was initiated by BB&T Capital. As per Monday, October 26, the company rating was initiated by Ladenburg Thalmann.
According to Zacks Investment Research, “Apple Hospitality REIT, Inc. is a real estate investment trust. Its portfolio consists of hotels, guest rooms and resorts. The company operates primarily in the United States. Apple Hospitality REIT, Inc. is headquarted in Richmond, VA.”
More notable recent Apple Hospitality REIT Inc (NYSE:APLE) news were published by: Businesswire.com which released: “Apple Hospitality REIT, Inc. Announces December 2016 Distribution” on November 07, 2016, also Reuters.com with their article: “BRIEF-Apple Hospitality Reit Inc qtrly earnings per share $0.07” published on November 07, 2016, Businesswire.com published: “Apple Hospitality REIT, Inc. Completes Merger with Apple REIT Ten, Inc.” on September 01, 2016. More interesting news about Apple Hospitality REIT Inc (NYSE:APLE) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” published on October 27, 2016 as well as Nasdaq.com‘s news article titled: “Apple Hospitality REIT, Inc. (APLE) Ex-Dividend Date Scheduled for October 31 …” with publication date: October 28, 2016.
APLE Company Profile
Apple Hospitality REIT, Inc., incorporated on November 8, 2007, is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Firm owns hotel properties throughout the United States. The Firm owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms. All of the Company’s hotels operate under Marriott or Hilton brands. The Firm has REIT subsidiaries, which lease all of the Company’s hotels from qualified REIT subsidiaries. The Company’s hotels are operated and managed under separate management agreements with over 20 hotel management companies, none of which are affiliated with the Company. The Company’s primary business objective is to maximize shareholder value by achieving long-term growth in cash available for distributions to its shareholders.
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