Apple Hospitality REIT (NYSE:APLE) Rating Lowered to Sell at StockNews.com

Apple Hospitality REIT (NYSE:APLE) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company dropped their price objective on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Oppenheimer reaffirmed an “outperform” rating and set a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT Trading Down 0.6 %

Shares of NYSE:APLE opened at $15.50 on Thursday. Apple Hospitality REIT has a 12-month low of $13.60 and a 12-month high of $17.90. The company has a market cap of $3.72 billion, a PE ratio of 18.23 and a beta of 1.11. The stock has a 50 day moving average of $15.01 and a 200 day moving average of $14.66. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The firm had revenue of $378.84 million during the quarter, compared to analysts’ expectations of $377.56 million. During the same period last year, the company earned $0.45 earnings per share. As a group, equities research analysts expect that Apple Hospitality REIT will post 1.6 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Apple Hospitality REIT by 3.5% during the first quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust’s stock valued at $582,400,000 after purchasing an additional 1,217,142 shares in the last quarter. Masterton Capital Management LP purchased a new position in Apple Hospitality REIT in the second quarter worth about $3,378,000. Entropy Technologies LP purchased a new position in Apple Hospitality REIT in the first quarter worth about $338,000. Dimensional Fund Advisors LP increased its stake in Apple Hospitality REIT by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after acquiring an additional 154,159 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in Apple Hospitality REIT by 14.9% during the third quarter. Sound Income Strategies LLC now owns 818,601 shares of the real estate investment trust’s stock valued at $12,156,000 after purchasing an additional 105,993 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.