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.
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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.
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