B. Riley Securities slashes price target on Apple Hospitality REIT Inc. [APLE] – find out why.

Apple Hospitality REIT Inc. [NYSE: APLE] jumped around 0.16 points on Thursday, while shares priced at $15.83 at the close of the session, up 1.02%. The company report on March 24, 2021 that Apple Hospitality REIT Announces Dates for First Quarter 2021 Earnings Release and Conference Call.

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Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company”) announced that it plans to report first quarter 2021 financial results after the market closes on Thursday, May 6, 2021, and host a conference call for investors and interested parties at 10:00 a.m. Eastern Time on Friday, May 7, 2021, to discuss the results.

The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial 877-407-9039, and participants from outside the U.S. should dial 201-689-8470. Participants may also access the call via live webcast by visiting the Investor Information section of the Company’s website at ir.applehospitalityreit.com.

Apple Hospitality REIT Inc. stock is now 22.62% up from its year-to-date (YTD) trading value. APLE Stock saw the intraday high of $15.93 and lowest of $15.615 per share. The company’s 52-week high price is 16.06, which means current price is +28.80% above from all time high which was touched on 03/18/21.

Compared to the average trading volume of 1.98M shares, APLE reached a trading volume of 2906867 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Apple Hospitality REIT Inc. [APLE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APLE shares is $16.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APLE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for Apple Hospitality REIT Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 02, 2020. While these analysts kept the previous recommendation, Compass Point raised their target price to Buy. The new note on the price target was released on October 05, 2020, representing the official price target for Apple Hospitality REIT Inc. stock. Previously, the target price had yet another raise to $13, while BofA/Merrill analysts kept a Buy rating on APLE stock.

The Average True Range (ATR) for Apple Hospitality REIT Inc. is set at 0.42, with the Price to Sales ratio for APLE stock in the period of the last 12 months amounting to 5.79. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.03.

How has APLE stock performed recently?

Apple Hospitality REIT Inc. [APLE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.39. With this latest performance, APLE shares gained by 5.96% in over the last four-week period, additionally plugging by 58.78% over the last 6 months – not to mention a rise of 54.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APLE stock in for the last two-week period is set at 64.81, with the RSI for the last a single of trading hit 71.25, and the three-weeks RSI is set at 61.56 for Apple Hospitality REIT Inc. [APLE]. The present Moving Average for the last 50 days of trading for this stock 14.90, while it was recorded at 15.53 for the last single week of trading, and 12.22 for the last 200 days.

Apple Hospitality REIT Inc. [APLE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Apple Hospitality REIT Inc. [APLE] shares currently have an operating margin of -19.45 and a Gross Margin at -14.25. Apple Hospitality REIT Inc.’s Net Margin is presently recorded at -29.15.

Return on Total Capital for APLE is now -2.41, given the latest momentum, and Return on Invested Capital for the company is -3.66. Return on Equity for this stock declined to -5.48, with Return on Assets sitting at -3.54. When it comes to the capital structure of this company, Apple Hospitality REIT Inc. [APLE] has a Total Debt to Total Equity ratio set at 56.59. Additionally, APLE Total Debt to Total Capital is recorded at 36.14, with Total Debt to Total Assets ending up at 35.49. Long-Term Debt to Equity for the company is recorded at 53.90, with the Long-Term Debt to Total Capital now at 34.42.

Reflecting on the efficiency of the workforce at the company, Apple Hospitality REIT Inc. [APLE] managed to generate an average of -$10,188,647 per employee. Receivables Turnover for the company is 24.22 with a Total Asset Turnover recorded at a value of 0.12.

Earnings analysis for Apple Hospitality REIT Inc. [APLE]

With the latest financial reports released by the company, Apple Hospitality REIT Inc. posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -125.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APLE.

Insider trade positions for Apple Hospitality REIT Inc. [APLE]

There are presently around $2,496 million, or 73.00% of APLE stock, in the hands of institutional investors. The top three institutional holders of APLE stocks are: VANGUARD GROUP INC with ownership of 29,027,828, which is approximately 1.78% of the company’s market cap and around 2.00% of the total institutional ownership; BLACKROCK INC., holding 15,449,503 shares of the stock with an approximate value of $244.57 million in APLE stocks shares; and INVESCO LTD., currently with $166.16 million in APLE stock with ownership of nearly -14.188% of the company’s market capitalization.

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Positions in Apple Hospitality REIT Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 122 institutional holders increased their position in Apple Hospitality REIT Inc. [NYSE:APLE] by around 37,072,624 shares. Additionally, 126 investors decreased positions by around 27,009,750 shares, while 38 investors held positions by with 93,616,092 shares. The mentioned changes placed institutional holdings at 157,698,466 shares, according to the latest SEC report filing. APLE stock had 47 new institutional investments in for a total of 6,763,847 shares, while 36 institutional investors sold positions of 10,259,680 shares during the same period.

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