Apple Hospitality REIT Inc. (APLE): What the Financials Tell Us

Apple Hospitality REIT Inc. (NYSE:APLE) saw an upside of 0.87% to close Monday at $16.32 after adding $0.14 on the day. The 5-day average trading volume is 1,484,740 shares of the company’s common stock. It has gained $16.45 in the past week. An average of 2,056,655 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,743,820.

APLE’s 1-month performance is 12.63% or $1.83 on its low of $14.59 reached on 09/13/21. The company’s shares have touched a 52-week low of $9.56 and high of $16.59, with the stock’s rally to the 52-week high happening on 09/27/21. YTD, APLE has achieved 26.41% or $3.41. However, the current price is down -1.63%% from the 52-week high price.

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Insider Transactions

On Sep 15, 27 days have gone by since the last insider trading activity for Apple Hospitality REIT Inc. (APLE). GATHRIGHT KRISTIAN M (Director) most recently sold 10,000 shares at $15.29 per share on Sep 15. This transaction cost the insider $152,926. Director, GATHRIGHT KRISTIAN M, sold 17,642 shares at a price of $16.50 on Jun 08. Then, on May 03, Director GATHRIGHT KRISTIAN M sold 10,576 shares at a price of $16.00 per share. This transaction amounted to $169,240.

Valuation Metrics

Apple Hospitality REIT Inc. (APLE) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.45 for the sector. The company’s PE ratio for the last five years has touched a high of 41.62 and a low of 6.286. APLE stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.40 while the price-to-book (PB) in the most recent quarter is 1.19, with the price to cash flow ratio at 80.04.

Apple Hospitality REIT Inc. pays an annual dividend of $0.04 per share. Its dividend yield is 0.25%. APLE paid $0.01 a share compared with prior rate of $0.01, down 0.0% from last year’s. The company latest dividend decrease of $0.09 reported on Friday March 19 2021. Measured over the last 3 years, the Dividend has been growing by -72.73% yearly.

It is projected that Apple Hospitality REIT Inc.’s next ex-dividend date will be on 2-Nov. APLE is expected to distribute $0.01 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.52, while the total debt to equity was 0.52. In terms of profitability, the gross margin trailing 12 months is 56.50%. while for the period ending June 29; Apple Hospitality REIT Inc.’s operating margin was -6.40%. The firm’s gross profit as reported stood at -$102.04 million against revenue of $601.88 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 67.23% to $247.4 million, while revenue of $158.71 million was 35.85% off the previous quarter. Analysts expected APLE to announce -$0.01 per share in earnings in its latest quarter, but it posted $0.09, representing a 1,000.00% surprise. EBITDA for the quarter stood at more than $85.37 million. APLE stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.65 billion. Shareholders hold equity totaling $228.34 million

Technical Picture

Let’s look briefly at Apple Hospitality REIT Inc. (APLE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 64.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.15%.

The stock’s 5-day moving average is $16.12, reflecting a +2.45% or $0.39 change from its current price. APLE is currently trading +7.16% above its 20-day SMA, +6.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.16% and +25.54% respectively.

Stochastic %K and %D was 72.96% and 69.94% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 62.93%, while the 14-day stochastic is at 77.22% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.13 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Apple Hospitality REIT Inc. (NYSE: APLE), Barclays upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for APLE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate APLE as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 4 have offered a “buy” rating.

What is APLE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $16.00 and a high of $19.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Apple Hospitality REIT Inc. (APLE) stock is $18.31.


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