As of Thursday close, Apple Hospitality REIT Inc.’s (NYSE:APLE) stock was down -$0.3, moving down -2.00 percent to $14.71. The average number of shares traded per day over the past five days has been 1,863,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 1,549,675, while in the previous 50 days, it was 1,506,210.
Since last month, APLE stock retreated -3.92%. Shares of the company fell to $14.44 on 08/03/23, the lowest level in the past month. A 52-week high of $18.22 was reached on 02/02/23 after having rallying from a 52-week low of $13.66. Since the beginning of this year, APLE’s stock price has dropped by -6.78% or -$1.07, and marked a new high 12 times. However, the stock has declined by -19.26% since its 52-week high.
APLE stock investors should be aware that Apple Hospitality REIT Inc. (APLE) stock had its last reported insider trading activity 65 days ago on May 31. Hugh Redd, the Director of the company, purchased of 1,000 shares for $14.48 on May 31. It resulted in a $14,480 investment by the insider. GATHRIGHT KRISTIAN M added 70 shares at an average price of $14.42 on May 25. The insider now owns 70 shares following the transaction. On May 05, Executive Chairman KNIGHT GLADE M bought 5,000 shares at $15.50 apiece. The transaction was valued at $77,496.
Valuation Metrics
Right now, Apple Hospitality REIT Inc. (APLE) has a P/E ratio of about 21.10. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 2.55, the price-to-book (PB) ratio of 1.07, and the price-to-cash flow ratio of 29.27 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08. On Thursday October 20 2022, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.49, and the total debt-to-equity ratio was 0.49. On the profitability front, the trailing twelve-month gross margin is 59.10% percent. In the year ended March 30, operating margins totaled 17.30%. Based on annual data, APLE earned $206.48 million in gross profit and brought in $1.24 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.40%. Return on equity (ROE) for the past 12 months was 5.00%.
In Apple Hospitality REIT Inc.’s quarter-end financial report for March 30, it reported total debt of $1.42 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. APLE’s revenue rose 16.37% to $299.12 million during the quarter, while net income inched up to $311.45 million. While analysts expected Apple Hospitality REIT Inc. to report $0.12 quarterly earnings, the actual figure was $0.14 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated $95.15 million in EBITDA. The value of shareholders’ equity is $229.01 million.
Technical Picture
This quick technical analysis looks at Apple Hospitality REIT Inc.’s (APLE) price momentum. With a historical volatility rate of 20.59%, the RSI 9-day stood at 33.55% on 03 August.
With respect to its five-day moving average, the current Apple Hospitality REIT Inc. price is down by -2.32% percent or -$0.35. At present, APLE shares trade -3.35% below its 20-day simple moving average and -5.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.93% below its SMA50 and -3.41% below its SMA200.
Stochastic coefficient K was 27.32% and Stochastic coefficient D was 38.48%, while ATR was 0.35. Given the Stochastic reading of 21.46% for the 14-day period, the RSI (14) reading has been calculated as 39.36%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.19.
Analyst Ratings
Wells Fargo upgraded its rating on Apple Hospitality REIT Inc. (NYSE: APLE) to an Overweight in a note to investors on March 30, 2023. The analysts firm previously had an Equal weight rating on the stock.Apple Hospitality REIT Inc. (APLE) has been rated Overweight by analysts. According to 0 brokerage firms, APLE is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Apple Hospitality REIT Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $17.00 – $20.00. Based on these forecasts, analysts predict Apple Hospitality REIT Inc. (APLE) will achieve an average price target of $18.43.
