A company insider recently bought 5,000 shares of Apple Hospitality REIT Inc. [APLE]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Apple Hospitality REIT Inc. shares valued at $81,047 were purchased by KNIGHT GLADE M on Aug 09. At $16.21 per share, KNIGHT GLADE M acquired 5,000 shares. The insider’s holdings grew to 493,093 shares worth approximately $8.46 million following the completion of this transaction.


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Also, Woolley Howard E. purchased 613 shares, netting a total of over 9,995 in proceeds. Following the buying of shares at $16.30 each, the insider now holds 4,198 shares.

Before that, Perkins Elizabeth had added 600 shares to its account. In a trade valued at $8,919, the SVP & Chief Financial Officer bought Apple Hospitality REIT Inc. shares for $14.87 each. Upon closing the transaction, the insider’s holdings increased to 600 shares, worth approximately $2.99 million.

As published in a research note from B. Riley Securities on June 16, 2022, Apple Hospitality REIT Inc. [APLE] has been rated up from a Neutral to a Buy. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late April. As of October 18, 2021, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for APLE. Earlier on September 01, 2021, Barclays upgraded its rating. Their new recommendation was “an Overweight” for APLE stock which previously was a “an Equal weight”.

Analyzing APLE’s Price Performance

On Wednesday, Apple Hospitality REIT Inc. [NYSE: APLE] plunged -0.64% to $17.15. The stock’s lowest price that day was $17.05, but it reached a high of $17.30 in the same session. During the last five days, there has been a surge of approximately 3.38%. Over the course of the year, Apple Hospitality REIT Inc. shares have jumped approximately 6.19%. Shares of the company reached a 52-week high of $18.69 on 04/20/22 and a 52-week low of $14.29 on 06/23/22. A 50-day SMA is recorded $15.78, while a 200-day SMA reached $16.47. Nevertheless, trading volume fell to 1.04 million shares from 1.2 million shares the previous day.

Support And Resistance Levels for Apple Hospitality REIT Inc. (APLE)

According to the 24-hour chart, there is a support level at 17.03, which, if violated, would cause prices to drop to 16.92. In the upper region, resistance lies at 17.28. The next price resistance is at 17.42. RSI (Relative Strength Index) is 65.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 19.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Apple Hospitality REIT Inc. subject to short interest?

Stocks of Apple Hospitality REIT Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 20000.0 shares to 6.19 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.17 million shares. A jump of 0.32% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.27 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.27.

Which companies own the most shares of Apple Hospitality REIT Inc. (APLE)?

According to The Vanguard Group, Inc. filings, the company currently owns 31,663,843 shares, which is about 13.83% of the total APLE shares outstanding. The investor’s shares have plunged by -1,049,372 from its previous 13-F filing of 32713215.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $256,857,322. T. Rowe Price Associates, Inc. acquire a 61.44% interest valued at $254.11 million while SSgA Funds Management, Inc. purchased a 1,331,707 stake. A total of -2,013,304 shares of Apple Hospitality REIT Inc. were bought by Victory Capital Management, Inc. during the quarter, and -1,086,442 were sold by Principal Global Investors LLC. In its current portfolio, Fuller & Thaler Asset Management, holds 5,371,949 shares valued at $89.6 million.

In terms of Apple Hospitality REIT Inc. share price expectations, FactSet research, analysts set an average price target of $20.00 in the next 12 months, up nearly 15.87% from the previous closing price of $17.26. Analysts anticipate Apple Hospitality REIT Inc. stock to reach $23.00 by 2022, with the lowest price target being $16.00. In spite of this, 9 analysts ranked Apple Hospitality REIT Inc. stock as an Overweight at the end of 2022. On December 02, 2020, B. Riley Securities assigned a price target of “a Neutral” to the stock and downgraded coverage with a $14.

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