Investing in Apple Hospitality REIT Inc. (APLE) Is Getting More Attractive


In a filing, Apple Hospitality REIT Inc. revealed its Executive Chairman KNIGHT GLADE M acquired Company’s shares for reported $84498.0 on Feb 27. In the deal valued at $16.90 per share,5,000 shares were bought. As a result of this transaction, KNIGHT GLADE M now holds 503,093 shares worth roughly $ 7.8 million.

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Then, Woolley Howard E. bought 936 shares, generating $15,000 in total proceeds. Upon buying the shares at $16.03, the Director now owns 5,135 shares.

Before that, KNIGHT GLADE M bought 5,000 shares. Apple Hospitality REIT Inc. shares valued at $81,425 were divested by the Executive Chairman at a price of $16.29 per share. As a result of the transaction, KNIGHT GLADE M now holds 498,093 shares, worth roughly $7.73 million.

Wells Fargo upgraded its Apple Hospitality REIT Inc. [APLE] rating to an Equal weight from a an Underweight in a research note published on Friday, August 29, 2022; the price target was increased to $17 from $16. PT values the company’s stock at a premium of 8.76 to its Friday closing price. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Oppenheimer began covering APLE with “an Outperform” recommendation on April 22, 2022. Wells Fargo revised its rating on October 18, 2021. It rated APLE as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of APLE

On Friday, Apple Hospitality REIT Inc. [NYSE:APLE] saw its stock fall -1.77% to $15.51. On the same session, the stock had its day’s lowest price of $15.33, but rose to a high of $15.79. Over the last five days, the stock has lost -8.22%. Apple Hospitality REIT Inc. shares have fallen nearly -1.71% since the year began. Nevertheless, the stocks have fallen -11.87% over the past one year. While a 52-week high of $18.59 was reached on 02/02/23, a 52-week low of $13.72 was recorded on 03/10/23. SMA at 50 days reached $16.78, while 200 days put it at $16.17. A total of 2.34 million shares were traded, compared to the trading of 1.39 million shares in the previous session.

Levels Of Support And Resistance For APLE Stock

The 24-hour chart illustrates a support level at 15.30, which if violated will result in even more drops to 15.08. On the upside, there is a resistance level at 15.76. A further resistance level may holdings at 16.00. The Relative Strength Index (RSI) on the 14-day chart is 30.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.83%. Stochastics %K at 13.67% 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 Jan 12, 2023, growing by 0.84 million shares to a total of 3.86 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.02 million shares. There was a rise of 21.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.14% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.76.

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 32,048,771 shares, or roughly 14.02% of the outstanding APLE shares. In other words, the investor’s shares have risen by 659,895 from its previous 13-F filing of 31388876.0. Additionally, BlackRock Fund Advisors increased 3.88% of its stake after which the total value it holdings stand at $264,100,878, while SSgA Funds Management, Inc. added 0.61% of its stake to hold $172.4 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme purchased 66,044 shares of Apple Hospitality REIT Inc., while T. Rowe Price Associates, Inc. bought -1,329,145 shares. At present, Victory Capital Management, Inc. is holding 5,637,255 shares valued at $93.07 million. Fuller & Thaler Asset Management, owned 5,422,136 shares of the company at the time of its most recent 13F filing, worth $89.52 million.

According to FactSet, Apple Hospitality REIT Inc.’s share price will average $19.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.33 percent from its previous closing price of $15.79. Analysts expect Apple Hospitality REIT Inc. stock to reach the higher price of $22.00, while the lowest price estimate is $18.00. However, 8 analysts have rated APLE stock as an Overweight in their predictions for 2023.


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