Apple Hospitality REIT (NYSE:APLE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “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. “

Several other research analysts have also commented on APLE. KeyCorp reaffirmed a “hold” rating on shares of Apple Hospitality REIT in a report on Tuesday. ValuEngine lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Barclays lowered shares of Apple Hospitality REIT from an “overweight” rating to an “equal weight” rating and set a $10.00 price target for the company. in a report on Tuesday, March 17th. B. Riley decreased their price target on shares of Apple Hospitality REIT from $16.00 to $12.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Capital One Financial raised shares of Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $17.00 to $14.00 in a report on Monday, March 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.40.

APLE opened at $9.15 on Thursday. The company has a 50-day moving average of $8.53 and a 200-day moving average of $12.97. The company has a market capitalization of $2.14 billion, a P/E ratio of 6.71 and a beta of 1.02. Apple Hospitality REIT has a 1-year low of $4.48 and a 1-year high of $16.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 4.37.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, May 18th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). Apple Hospitality REIT had a return on equity of 3.98% and a net margin of 10.91%. The company had revenue of $238.01 million during the quarter, compared to the consensus estimate of $245.39 million. As a group, sell-side analysts expect that Apple Hospitality REIT will post 0.31 earnings per share for the current fiscal year.

In other news, Chairman Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $11.90 per share, with a total value of $59,500.00. Following the purchase, the chairman now directly owns 10,211,968 shares of the company’s stock, valued at approximately $121,522,419.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of APLE. Advisory Services Network LLC boosted its stake in Apple Hospitality REIT by 1,447.3% during the 4th quarter. Advisory Services Network LLC now owns 2,321 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,171 shares during the period. CWM Advisors LLC bought a new stake in shares of Apple Hospitality REIT during the 1st quarter worth about $39,000. Tower Research Capital LLC TRC raised its position in shares of Apple Hospitality REIT by 1,601.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,652 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 6,261 shares in the last quarter. AJO LP raised its position in shares of Apple Hospitality REIT by 70.2% during the 4th quarter. AJO LP now owns 4,054 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,672 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Apple Hospitality REIT by 79.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,321 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 3,233 shares in the last quarter. 60.08% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.

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