Apple Hospitality REIT (APLE) Lowered to C at TheStreet

Apple Hospitality REIT (NYSE:APLE) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a report issued on Thursday.

Several other equities analysts have also weighed in on APLE. Robert W. Baird set a $20.00 price target on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research report on Sunday, October 29th. BidaskClub lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, KeyCorp started coverage on shares of Apple Hospitality REIT in a research report on Friday, January 12th. They set a “sector weight” rating for the company. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Apple Hospitality REIT presently has an average rating of “Hold” and an average price target of $20.60.

Apple Hospitality REIT (NYSE APLE) opened at $18.01 on Thursday. The firm has a market cap of $3,945.95, a PE ratio of 17.83, a P/E/G ratio of 2.00 and a beta of 0.55. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12. Apple Hospitality REIT has a 1 year low of $17.49 and a 1 year high of $20.62.

Large investors have recently modified their holdings of the business. QS Investors LLC boosted its position in Apple Hospitality REIT by 383.1% during the second quarter. QS Investors LLC now owns 39,209 shares of the real estate investment trust’s stock worth $734,000 after purchasing an additional 31,093 shares during the period. AXA boosted its position in Apple Hospitality REIT by 533.8% during the third quarter. AXA now owns 532,155 shares of the real estate investment trust’s stock worth $10,063,000 after purchasing an additional 448,192 shares during the period. Bank of New York Mellon Corp boosted its position in Apple Hospitality REIT by 10.3% during the third quarter. Bank of New York Mellon Corp now owns 1,529,885 shares of the real estate investment trust’s stock worth $28,931,000 after purchasing an additional 143,157 shares during the period. Meeder Asset Management Inc. boosted its position in Apple Hospitality REIT by 18,851.3% during the fourth quarter. Meeder Asset Management Inc. now owns 50,979 shares of the real estate investment trust’s stock worth $999,000 after purchasing an additional 50,710 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Apple Hospitality REIT by 26.5% during the third quarter. Asset Management One Co. Ltd. now owns 548,023 shares of the real estate investment trust’s stock worth $10,358,000 after purchasing an additional 114,952 shares during the period. Hedge funds and other institutional investors own 53.28% of the company’s stock.

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Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

Analyst Recommendations for Apple Hospitality REIT (NYSE:APLE)

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