Impact of Brokerage Rating on Apple Hospitality REIT, Inc.(APLE)

Many Apple Hospitality REIT, Inc.(APLE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Upgraded by Robert W. Baird on Nov 29, 2016 to Outperform, Raises Price Target to $ 20 from a previous price target of $19 .

Company has reported several Insider transactions to the SEC, on Nov 16, 2016, Redd Hugh (director) purchased 7,000 shares at 17.91 per share price.On Nov 15, 2016, Glade M Knight (Executive Chairman) purchased 2,825 shares at 17.55 per share price.On Sep 9, 2016, Bryan Peery (CFO) purchased 2,289 shares at 18.25 per share price.

Apple Hospitality REIT Inc Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.48. The company had revenue of $276.50 million for the quarter, compared to analysts expectations of $280.49 million. The companys revenue was up 14.9% compared to the same quarter last year.

Apple Hospitality REIT, Inc. (NYSE:APLE) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 3 by 3 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Apple Hospitality REIT, Inc. (NYSE:APLE) should head towards $18.33 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $13 per share. The higher price estimate target is at $22 according to the Analysts.

Apple Hospitality REIT, Inc. (NYSE:APLE) rose 0.29% or 0.06 points on Tuesday and made its way into the gainers of the day. After trading began at $20.28 the stock was seen hitting $20.495 as a peak level and $20.17 as the lowest level. The stock ended up at $20.47. The daily volume was measured at 1,143,221 shares. The 52-week high of the share price is $20.68 and the 52-week low is $17.32. The company has a market cap of $4,572 million.

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.

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