Analysts working for StockNews.com began providing coverage of Apple Hospitality REIT in a research report distributed to clients and investors on Thursday (NYSE: APLE).
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
When trading started on Thursday, the price of a share of APLE was $15.32 per share.
The moving average for the company over the past twenty-five days is $16.71, while the moving average for the past 200 days and the moving average for the last 50 days are $16.23.
The debt-to-equity ratio is at zero, the quick ratio is also at zero, the current ratio is also at zero, and the current ratio is at 0.03.
The stock’s price-to-earnings ratio is 23.94, and its P/E growth is 0.49.
The stock’s beta value is 1.17.
The company has a market capitalization of $3.50 billion at present. Over the previous 52 weeks, the price of Apple Hotel REIT has fluctuated between a low of $13.79 and a high of $18.69.
In addition, Wells Fargo & Company upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating.
It increased its target price on the stock from $17.00 to $18.00 in a research note published on Thursday, February 2.
The company has been given a buy recommendation by three financial analysts, compared to a hold recommendation by two.
The data from Bloomberg.com indicates that the stock is currently rated as having a consensus recommendation of “Moderate Buy” and that its target price is currently rated as having a consensus value of $19.75.
In related news, the Chairman of the Board, Glade M. Knight, purchased 5,000 shares of company stock on February 27.
This is one of the items connected to this topic.
The stock cost came to a total of $84,500.00, which works out to an average price of $16.90 per share. Following the transaction, the Chairman brought the total number of company shares he owns to 503,093, which has resulted in a total value of approximately $8,502,271.70 for him.
If you click on the link, you will be taken to the legal file presented to the Securities and Exchange Commission, which will take you to the section that describes the transaction. 6.80 percent of the company’s shares are owned by those working within the company.
Institutional investors and hedge funds have recently been very active in the stock market, purchasing and selling shares back and forth.
During the first three months of 2018, Acadian Asset Management LLC placed a $25,000 investment in Apple Hotel REIT.
The company made this investment.
Lazard Asset Management LLC made a $29,000 investment in Apple Hotel REIT during the second quarter of 2018.
This investment was made during the 2018 fiscal year.
A 145.0% increase in the proportion of Apple Hotel REIT shares held by Ronald Blue Trust INC was accomplished during the third quarter of 2018.
As a result of Ronald Blue Trust INC’s recent purchase of an additional 1,496 shares over the past three months, the value of the real estate investment trust that the company controls has increased to $37,000.
This is because the value of the real estate investment trust has increased to $37,000. CWM LLC added 7,602.3 percent more shares of Apple Hotel REIT during the third quarter than during the previous quarter.
After purchasing 3,269 additional shares during the most recent quarter, CWM LLC is now the owner of 3,312 shares of the real estate investment trust.
These shares are currently worth $47,000 and were acquired by the company.
And finally, during the third quarter, Newbridge Financial Services Group INC increased its holdings in Apple Hospitality REIT by purchasing a new position valued at $67,000.
This was done as part of the company’s investment strategy to increase its exposure to the hospitality industry.
Institutional investors and hedge funds currently control 79.39% of the company’s stock.
Most of Apple Hospitality REIT, INC’s investments are concentrated in income-generating real estate connected to the hospitality industry.
Apple Hospitality REIT, INC is a self-advised real estate investment trust.
It owns hotels all over the United States that are run under the Marriott, Hilton, and Hyatt brands.
Most of these hotels are in major metropolitan areas, affluent suburban areas, and developing regions.