Robert W. Baird analyst Michael Bellisario reiterated a Buy rating on Apple Hospitality REIT (APLE) on November 16 and set a price target of $19. The company’s shares closed yesterday at $15.67, close to its 52-week low of $15.56.
According to TipRanks.com, Bellisario is a 3-star analyst with an average return of 2.3% and a 47.7% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Hersha Hospitality Trust.
Currently, the analyst consensus on Apple Hospitality REIT is a Moderate Buy with an average price target of $20, implying a 27.6% upside from current levels. In a report issued on November 6, B.Riley FBR also maintained a Buy rating on the stock with a $20 price target.
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The company has a one-year high of $20.19 and a one-year low of $15.56. Currently, Apple Hospitality REIT has an average volume of 1.35M.
Based on the recent corporate insider activity of 59 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.
