Apple Hospitality REIT (NYSE:APLE) Upgraded at StockNews.com

Apple Hospitality REIT (NYSE:APLE - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Friday.

Several other research firms have also recently issued reports on APLE. Oppenheimer reaffirmed an "outperform" rating and set a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Wells Fargo & Company cut their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, September 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $16.50.

Apple Hospitality REIT Trading Up 2.2 %

NYSE APLE traded up $0.35 during trading hours on Friday, hitting $16.09. 1,922,593 shares of the company were exchanged, compared to its average volume of 2,043,925. The stock has a market cap of $3.86 billion, a PE ratio of 18.96 and a beta of 1.11. Apple Hospitality REIT has a 52 week low of $13.60 and a 52 week high of $17.90. The stock has a 50-day moving average price of $15.12 and a 200 day moving average price of $14.68. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $378.84 million for the quarter, compared to analysts' expectations of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same period in the prior year, the firm posted $0.45 EPS. Analysts forecast that Apple Hospitality REIT will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of Apple Hospitality REIT

Several institutional investors and hedge funds have recently made changes to their positions in the business. EdgeRock Capital LLC acquired a new stake in Apple Hospitality REIT during the second quarter worth approximately $26,000. Quarry LP lifted its holdings in shares of Apple Hospitality REIT by 127.5% in the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,290 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Apple Hospitality REIT by 40.4% during the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock worth $40,000 after buying an additional 780 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Apple Hospitality REIT by 4,406.5% during the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new position in Apple Hospitality REIT in the 2nd quarter valued at approximately $99,000. Institutional investors own 89.66% of the company's stock.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc NYSE: APLE is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.