In a report issued on February 8, Anthony Powell from Barclays maintained a Hold rating on Apple Hospitality REIT (APLE), with a price target of $18. The company’s shares closed on Friday at $15.85.
According to TipRanks.com, Powell is a 4-star analyst with an average return of 8.4% and a 66.7% success rate. Powell covers the Financial sector, focusing on stocks such as Park Hotels & Resorts Inc, Hersha Hospitality Trust, and Host Hotels & Resorts.
Currently, the analyst consensus on Apple Hospitality REIT is a Moderate Buy with an average price target of $18.50.
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Based on Apple Hospitality REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $62.12 million. In comparison, last year the company had a GAAP net loss of $2.3 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APLE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Apple Hospitality REIT, Inc. is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban and developing markets throughout states, which operates under Marriott or Hilton brands.
