Robert W. Baird reported on Apple Hospitality REIT (NYSE:APLE), stepping up its target price to $20.00 today
- Updated: November 29, 2016
Apple Hospitality REIT (NYSE:APLE) had its price target upped to $20.00 by Robert W. Baird in an issued report issued 11/29/2016. The updated stock price target implies a possible upside of 0.10% from the company's most recent close.
Boasting a price of $18.26, Apple Hospitality REIT (NYSE:APLE) traded -0.49% lower on the day. With the last close down -2.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Apple Hospitality REIT has recorded a 50-day average of $18.02 and a two hundred day average of $18.78. Volume of trade was down over the average, with 1,030,188 shares of APLE changing hands under the typical 1,068,220
With a total market value of $0, Apple Hospitality REIT has price-earnings ratio of 38.20 with a one year low of $16.35 and a one year high of $20.97 .
A total of 5 analysts have released a research note on APLE. One analyst rating the company a strong buy, one analyst rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $19.20.
More About Apple Hospitality REIT (NYSE:APLE)
Apple Hospitality REIT, Inc. is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms. All of the Company's hotels operate under Marriott or Hilton brands. The Company has REIT subsidiaries, which lease all of the Company's hotels from qualified REIT subsidiaries. Its hotels are operated and managed under separate management agreements with over 20 hotel management companies, none of which are affiliated with it. Its primary business objective is to maximize shareholder value by achieving long-term growth in cash available for distributions to its shareholders. Its real estate portfolio also includes over 100 continuing hotels located in over 30 states, with an aggregate of approximately 12,120 rooms.
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