The stock of Apple Hospitality REIT Inc. (NYSE:APLE) decreased by -$0.1 on Friday to finish at $14.45, down -0.69 percent. The last five days have seen an average of 925,880 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$1.33. The average number of shares traded over the last 20 days was 1,362,380, while the average volume over the last 50 days totaled 1,373,250.
APLE stock dropped -4.05% since last month. On 08/18/23, the company’s shares reached a one-month low of $14.33. The stock touched a high of $18.22 on 02/02/23, after rallying from a low of $13.66 in 52 weeks. The price of APLE stock has declined by -8.43% or -$1.33 this year, reaching a new high 12 times. Still, the stock price is down -20.69% from the 52-week high.
Insider Transactions
APLE stock investors should be aware that Apple Hospitality REIT Inc. (APLE) stock had its last reported insider trading activity 17 days ago on Aug 11. On Aug 11, Executive Chairman KNIGHT GLADE M acquired 5,000 shares at $15.07 each. This transaction resulted in the insider spending $75,338. On May 31, Hugh Redd added 1,000 shares at a price of US$14.48. After the transaction, the insider now owns 110,997 shares. Director GATHRIGHT KRISTIAN M had earlier bought 70 shares on May 25 for $14.42 a share. The transaction was completed for $1,009.
Valuation Metrics
Apple Hospitality REIT Inc. (APLE) has a trailing price-to-earnings (P/E) ratio of 20.73. Beta for the stock is 1.19. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.53, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 10.49.
Company paid $0.08 per share in dividends, remained unchanged from $0.08 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.48, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 59.00% percent. Apple Hospitality REIT Inc.’s operating margin stood at 17.10% for the same period. Based on annual data, it had gross profit of $206.48 million and revenue of $1.24 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. APLE’s return on assets (ROA) during the last 12 months has been 3.30%. There was a 4.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.00%.
Earnings Surprise
According to Apple Hospitality REIT Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $361.63 million, while revenues rose by 6.63% to $311.45 million. It was predicted that Apple Hospitality REIT Inc.’s quarterly earnings would be $0.29, but it ended up being $0.22, beating the consensus by 31.80%. EBITDA was $129.02 million for the quarter. At the end of Apple Hospitality REIT Inc.’s most recent quarter ended June 29, its total debt was $1.51 billion. Equity owned by shareholders amounts to $228.8 million.
Technical Picture
Here’s a quick look at Apple Hospitality REIT Inc.’s (APLE) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 35.98%, suggesting the stock is Neutral, with a 16.01% historical volatility rate.
The stochastic %K and %D were 21.00% and 24.70% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 11.01%, the RSI (14) reading is 39.25%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.22.
Analyst Ratings
In its most recent analyst report, Wells Fargo raised its rating on Apple Hospitality REIT Inc. (NYSE: APLE) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight.
