Apple Hospitality REIT Inc (APLE) was Initiated by FBR Capital to “Mkt Perform” and the brokerage firm has set the Price Target at $20. FBR Capital advised their investors in a research report released on Apr 11, 2016.
Many Wall Street Analysts have commented on Apple Hospitality REIT Inc. Apple Hospitality REIT Inc was Downgraded by Ladenburg Thalmann to ” Sell” on Jan 19, 2016.
On the company’s financial health, Apple Hospitality REIT Inc reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.36. The company had revenue of $213.03 million for the quarter, compared to analysts expectations of $212.69 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Apple Hospitality REIT Inc opened for trading at $18.84 and hit $19.09 on the upside on Monday, eventually ending the session at $18.99, with a gain of 0.21% or 0.04 points. The heightened volatility saw the trading volume jump to 3,11,052 shares. Company has a market cap of $3,311 M.
In a different news, on Aug 31, 2015, David P Buckley (EVP, Chief Legal Counsel) purchased 5,592 shares at $17.88 per share price. According to the SEC, on Aug 27, 2015, Nelson Knight (EVP Chief Investment Officer) purchased 1,500 shares at $16.77 per share price. On Aug 27, 2015, Bryan Peery (CFO) purchased 5,000 shares at $16.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Apple Hospitality REIT Inc. is a real estate investment trust (REIT). The Company owns portfolios of upscale select service hotels in the United States. The Company’s portfolio is diversified across the Hilton and Marriott families of brands with locations in urban suburban and developing markets. The Company operates approximately 177 hotels with approximately 22750 guestrooms under Courtyard by Marriott Fairfield Inn by Marriott Fairfield Inn & Suites by Marriott Marriott Hotels & Resorts Renaissance Hotels Residence Inn by Marriott SpringHill Suites by Marriott TownePlace Suites by Marriott Embassy Suites Hotels Hampton Inn Hampton Inn & Suites Hilton Hilton Garden Inn Home2 Suites by Hilton and Homewood Suites by Hilton brands. The Company operates approximately 90 Marriott-branded hotels and 83 Hilton-branded hotels.