Apple Hospitality REIT (NYSE:APLE) : 1 brokerage houses believe that Apple Hospitality REIT (NYSE:APLE) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Apple Hospitality REIT (NYSE:APLE). Zacks Investment Research suggests a Strong Buy with a rank of 1. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Apple Hospitality REIT (NYSE:APLE) : The consensus price target for Apple Hospitality REIT (NYSE:APLE) is $18.75 for the short term with a standard deviation of $4.19. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $23, however, the pessimist price target for the company is $13.
Company shares have received an average consensus rating of Hold for the current week
Apple Hospitality REIT (NYSE:APLE): stock turned positive on Tuesday. Though the stock opened at $18.09, the bulls momentum made the stock top out at $18.53 level for the day. The stock recorded a low of $18.09 and closed the trading day at $18.33, in the green by 2.40%. The total traded volume for the day was 722,826. The stock had closed at $17.9 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief Legal Counsel) of Apple Hospitality Reit, Inc., Buckley David P, had purchased 5,592 shares in a transaction dated on August 28, 2015. The transaction was executed at $17.88 per share with total amount equaling $99,985.
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 Companys 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 22,750 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.