Sunday, June 26, 2022

Apple Hospitality REIT Inc. (APLE) may enjoy gains as insiders got busy in the recent days

Apple Hospitality REIT Inc.’s recent filing unveils that its SVP & Chief Financial Officer Perkins Elizabeth acquired Company’s shares for reported $8919.0 on Jun 13. In the deal valued at $14.87 per share,600 shares were bought. As a result of this transaction, Perkins Elizabeth now holds 174,143 shares worth roughly $ 2.58 million.


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Then, Perkins Elizabeth bought 600 shares, generating $9,570 in total proceeds. Upon buying the shares at $15.95, the SVP & Chief Financial Officer now owns 173,543 shares.

Before that, KNIGHT JUSTIN G bought 500 shares. Apple Hospitality REIT Inc. shares valued at $7,929 were divested by the CEO at a price of $15.86 per share. As a result of the transaction, KNIGHT JUSTIN G now holds 1,572,017 shares, worth roughly $23.33 million.

Following these proceedings, B. Riley Securities upgraded its Apple Hospitality REIT Inc. [APLE] rating to a Buy from a a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering APLE and has decreased its forecast on October 18, 2021 with a “an Underweight” recommendation from previously “an Equal weight” rating. Barclays revised its rating on September 01, 2021. It rated APLE as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of APLE

On Tuesday, Apple Hospitality REIT Inc. [NYSE:APLE] saw its stock jump 0.88% to $14.84. On the same session, the stock had its day’s lowest price of $14.665, but rose to a high of $15.34. Over the last five days, the stock has gained 0.41%. Apple Hospitality REIT Inc. shares have fallen nearly -8.11% since the year began. Nevertheless, the stocks have fallen -7.13% over the past one year. While a 52-week high of $18.69 was reached on 04/20/22, a 52-week low of $13.83 was recorded on 06/17/22. SMA at 50 days reached $16.70, while 200 days put it at $16.44. A total of 1.95 million shares were traded, compared to the trading of 2.83 million shares in the previous session.

Levels Of Support And Resistance For APLE Stock

The 24-hour chart illustrates a support level at 14.56, which if violated will result in even more drops to 14.27. On the upside, there is a resistance level at 15.23. A further resistance level may holdings at 15.62. The Relative Strength Index (RSI) on the 14-day chart is 37.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.05%. Stochastics %K at 6.92% indicates the stock is a buying.

How much short interest is there in Apple Hospitality REIT Inc.?

A steep rise in short interest was recorded in Apple Hospitality REIT Inc. stocks on May 30, 2022, growing by 0.43 million shares to a total of 6.34 million shares. Yahoo Finance data shows the prior-month short interest on Apr 28, 2022 was 5.91 million shares. There was a rise of 6.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.50% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.85.

Apple Hospitality REIT Inc. [APLE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 32,713,215 shares, or roughly 14.29% of the outstanding APLE shares. In other words, the investor’s shares have risen by 482,846 from its previous 13-F filing of 32230369.0. Additionally, BlackRock Fund Advisors decreased -1.97% of its stake after which the total value it holdings stand at $256,256,272, while T. Rowe Price Associates, Inc. added 61.44% of its stake to hold $254.57 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,331,707 shares of Apple Hospitality REIT Inc., while Victory Capital Management, Inc. bought -629,851 shares. At present, Principal Global Investors LLC is holding 6,863,954 shares valued at $114.7 million. JPMorgan Investment Management, I owned 5,062,692 shares of the company at the time of its most recent 13F filing, worth $84.6 million.

According to FactSet, Apple Hospitality REIT Inc.’s share price will average $19.86 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.16 percent from its previous closing price of $14.71. Analysts expect Apple Hospitality REIT Inc. stock to reach the higher price of $23.00, while the lowest price estimate is $16.00. However, 8 analysts have rated APLE stock as an Overweight in their predictions for 2022.

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