Apple Hospitality REIT Inc [NYSE: APLE] stock went on a downward path that fall over -0.42% on Thursday, amounting to a one-week price decrease of less than -1.68%.
Over the last 12 months, APLE stock dropped by -22.03%. The one-year Apple Hospitality REIT Inc stock forecast points to a potential upside of 20.11. The average equity rating for APLE stock is currently 2.38, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.80 billion, with 239.77 million shares outstanding and 222.08 million shares in the current float. Compared to the average trading volume of 2.80M shares, APLE stock reached a trading volume of 3588140 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $14.67 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 2.38. 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 Buy, with their previous recommendation back on January 27, 2025. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on December 09, 2024, representing the official price target for Apple Hospitality REIT Inc stock. Previously, the target price had yet another raise to $15, while Wedbush analysts kept a Neutral rating on APLE stock. On January 08, 2024, analysts decreased their price target for APLE shares from 19 to 18.
The Average True Range (ATR) for Apple Hospitality REIT Inc is set at 0.44, with the Price to Sales ratio for APLE stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 0.18. Price to Free Cash Flow for APLE in the course of the last twelve months was 8.61.
APLE Stock Performance Analysis:
Apple Hospitality REIT Inc [APLE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.68. With this latest performance, APLE shares dropped by -9.29% in over the last four-week period, additionally sinking by -22.13% over the last 6 months – not to mention a drop of -22.03% 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 41.02, with the RSI for the last a single of trading hit 42.80, and the three-weeks RSI is set at 39.73 for Apple Hospitality REIT Inc [APLE]. The present Moving Average for the last 50 days of trading for this stock 12.97, while it was recorded at 11.83 for the last single week of trading, and 14.55 for the last 200 days.
Apple Hospitality REIT Inc [APLE] Institutonal Ownership Details
There are presently around $88.15%, or 94.79%% of APLE stock, in the hands of institutional investors. The top three institutional holders of APLE stocks are: BLACKROCK INC. with ownership of 40.69 million shares, which is approximately 16.802%. VANGUARD GROUP INC, holding 36.22 million shares of the stock with an approximate value of $$526.7 million in APLE stocks shares; and VANGUARD GROUP INC, currently with $$191.07 million in APLE stock with ownership which is approximately 5.3973%.
