Apple Hospitality REIT Inc [NYSE: APLE] gained 0.95% or 0.14 points to close at $14.85 with a heavy trading volume of 2853694 shares.
The daily chart for APLE points out that the company has recorded -10.66% loss over the past six months.
If we look at the average trading volume of 1.83M shares, APLE reached to a volume of 2853694 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $17.86 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 2.33. 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.
BofA 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 January 08, 2024. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $18 to $17. The new note on the price target was released on December 08, 2023, representing the official price target for Apple Hospitality REIT Inc stock. On March 30, 2023, analysts decreased their price target for APLE shares from 18 to 17.
The Average True Range (ATR) for Apple Hospitality REIT Inc is set at 0.29, with the Price to Sales ratio for APLE stock in the period of the last 12 months amounting to 2.64. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.14. Price to Free Cash Flow for APLE in the course of the last twelve months was 11.16.
Trading performance analysis for APLE stock
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 1.23. With this latest performance, APLE shares dropped by -5.71% in over the last four-week period, additionally sinking by -10.66% over the last 6 months – not to mention a drop of -3.97% 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 39.43, with the RSI for the last a single of trading hit 41.67, and the three-weeks RSI is set at 39.52 for Apple Hospitality REIT Inc [APLE]. The present Moving Average for the last 50 days of trading for this stock 15.84, while it was recorded at 14.78 for the last single week of trading, and 15.93 for the last 200 days.
An analysis of Institutional ownership at Apple Hospitality REIT Inc [APLE]
The top three institutional holders of APLE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in APLE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in APLE stock with ownership which is approximately 5.8386%.
