Rating To Observe: Apple Hospitality REIT (APLE) Is a Stock Robert W. Baird Is Confident In; Firm Upgrades It

November 29, 2016 - By Dolores Ford

Rating To Observe:  Apple Hospitality REIT (APLE) Is a Stock Robert W. Baird Is Confident In; Firm Upgrades It

Apple Hospitality REIT (APLE) Upgrade

Apple Hospitality REIT (APLE)‘s Neutral rating is no longer valid. The firm rating was raised by research analysts at Robert W. Baird to a Outperform. They have a price target of $20.0 on APLE.

The stock decreased 0.49% or $0.09 during the last trading session, hitting $18.26. Apple Hospitality REIT Inc (APLE) has declined 3.49% since April 26, 2016 and is downtrending. It has underperformed by 8.75% the S&P500.

Analysts await Apple Hospitality REIT Inc (NYSE:APLE) to report earnings on February, 23. They expect $0.37 EPS, up 5.71% or $0.02 from last year’s $0.35 per share. APLE’s profit will be $83.28 million for 12.34 P/E if the $0.37 EPS becomes a reality. After $0.49 actual EPS reported by Apple Hospitality REIT Inc for the previous quarter, Wall Street now forecasts -24.49% negative EPS growth.

Apple Hospitality REIT, Inc. is a self-advised real estate investment trust that invests in income-producing real estate, primarily in the lodging sector, in the United States. The company has a market cap of $4.11 billion. The Firm owns hotel properties throughout the United States. It has a 37.91 P/E ratio. The Firm owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms.

According to Zacks Investment Research, “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.”

APLE Company Profile

Apple Hospitality REIT, Inc., incorporated on November 8, 2007, 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 Firm owns hotel properties throughout the United States. The Firm 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 Firm has REIT subsidiaries, which lease all of the Company’s hotels from qualified REIT subsidiaries. The Company’s hotels are operated and managed under separate management agreements with over 20 hotel management companies, none of which are affiliated with the Company. The Company’s primary business objective is to maximize shareholder value by achieving long-term growth in cash available for distributions to its shareholders.

More notable recent Apple Hospitality REIT Inc (NYSE:APLE) news were published by: Businesswire.com which released: “Apple Hospitality REIT, Inc. Announces December 2016 Distribution” on November 07, 2016, also Reuters.com with their article: “BRIEF-Apple Hospitality Reit Inc qtrly earnings per share $0.07” published on November 07, 2016, Businesswire.com published: “Apple Hospitality REIT, Inc. Completes Merger with Apple REIT Ten, Inc.” on September 01, 2016. More interesting news about Apple Hospitality REIT Inc (NYSE:APLE) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Apple Hospitality REIT, Citizens Financial Group and …” published on October 27, 2016 as well as Nasdaq.com‘s news article titled: “Apple Hospitality REIT, Inc. (APLE) Ex-Dividend Date Scheduled for October 31 …” with publication date: October 28, 2016.

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