At the time of writing, Apple Hospitality REIT Inc [APLE] stock is trading at $15.90, down -0.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The APLE shares have gain 7.72% over the last week, with a monthly amount glided 6.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Apple Hospitality REIT Inc [NYSE: APLE] stock has seen the most recent analyst activity on June 03, 2024, when Wedbush initiated its Neutral rating and assigned the stock a price target of $15. Previously, BofA Securities downgraded its rating to Neutral on January 08, 2024, and dropped its price target to $18. On December 08, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $17 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Wells Fargo upgraded its rating to a Overweight and reduced its price target to $17 on March 30, 2023. Compass Point downgraded its rating to Neutral for this stock on March 22, 2023, and downed its price target to $17. In a note dated August 29, 2022, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $16 to $17.
For the past year, the stock price of Apple Hospitality REIT Inc fluctuated between $13.60 and $17.85. Currently, Wall Street analysts expect the stock to reach $20.5 within the next 12 months. Apple Hospitality REIT Inc [NYSE: APLE] shares were valued at $15.90 at the most recent close of the market. An investor can expect a potential return of 28.93% based on the average APLE price forecast.
Analyzing the APLE fundamentals
According to Apple Hospitality REIT Inc [NYSE:APLE], the company’s sales were 1.41B for trailing twelve months, which represents an 5.75% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.78 points at the first support level, and at 15.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.04, and for the 2nd resistance point, it is at 16.19.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 18.65.
Transactions by insiders
Recent insider trading involved Hugh Redd, Director, that happened on Aug 21 ’24 when 1000.0 shares were purchased. Executive Chairman, KNIGHT GLADE M completed a deal on Aug 08 ’24 to buy 5000.0 shares. Meanwhile, Executive Chairman KNIGHT GLADE M bought 5000.0 shares on May 21 ’24.
