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Apple Hospitality REIT Inc (NYSE: APLE) closed the day trading at $13.92 up 0.58% from the previous closing price of $13.84. In other words, the price has increased by $0.58 from its previous closing price. On the day, 1.98 million shares were traded. APLE stock price reached its highest trading level at $14.015 during the session, while it also had its lowest trading level at $13.85.
Ratios:
For a better understanding of APLE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 87.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.20. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wedbush on June 03, 2024, initiated with a Neutral rating and assigned the stock a target price of $15.
On January 08, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $19 to $18.
Wells Fargo Downgraded its Overweight to Equal Weight on December 08, 2023, whereas the target price for the stock was revised from $18 to $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 08 ’24 when KNIGHT GLADE M bought 5,000 shares for $14.04 per share. The transaction valued at 70,225 led to the insider holds 636,990 shares of the business.
KNIGHT GLADE M bought 5,000 shares of APLE for $73,900 on May 21 ’24. The Executive Chairman now owns 631,990 shares after completing the transaction at $14.78 per share. On May 17 ’24, another insider, Bunting Glenn W Jr, who serves as the Director of the company, bought 549 shares for $14.58 each. As a result, the insider paid 8,004 and bolstered with 10,549 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APLE now has a Market Capitalization of 3351142656 and an Enterprise Value of 4951946752. As of this moment, Apple’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.92, and their Forward P/E ratio for the next fiscal year is 16.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 3.562 whereas that against EBITDA is 10.906.
Stock Price History:
Over the past 52 weeks, APLE has reached a high of $17.85, while it has fallen to a 52-week low of $13.60. The 50-Day Moving Average of the stock is -3.87%, while the 200-Day Moving Average is calculated to be -11.01%.
Shares Statistics:
Over the past 3-months, APLE traded about 2.40M shares per day on average, while over the past 10 days, APLE traded about 2570270 shares per day. A total of 241.52M shares are outstanding, with a floating share count of 224.70M. Insiders hold about 6.66% of the company’s shares, while institutions hold 87.97% stake in the company. Shares short for APLE as of 1722384000 were 14158824 with a Short Ratio of 5.90, compared to 1719532800 on 11183540. Therefore, it implies a Short% of Shares Outstanding of 14158824 and a Short% of Float of 9.3100004.
Dividends & Splits
APLE’s forward annual dividend rate is 0.96, up from 0.96 a year ago. Against a Trailing Annual Dividend Yield of 0.06936416The stock’s 5-year Average Dividend Yield is 4.62.
Earnings Estimates
The market rating of Apple Hospitality REIT Inc (APLE) is currently shaped by the ongoing analysis conducted by 3.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.11, with high estimates of $0.12 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.92 and $0.88 for the fiscal current year, implying an average EPS of $0.9. EPS for the following year is $0.86, with 3.0 analysts recommending between $0.9 and $0.82.
Revenue Estimates
5 analysts predict $381.85M in revenue for the current quarter. It ranges from a high estimate of $386.82M to a low estimate of $376.3M. As of the current estimate, Apple Hospitality REIT Inc’s year-ago sales were $358.26MFor the next quarter, 5 analysts are estimating revenue of $329.88M. There is a high estimate of $333.06M for the next quarter, whereas the lowest estimate is $322.7M.
A total of 5 analysts have provided revenue estimates for APLE’s current fiscal year. The highest revenue estimate was $1.44B, while the lowest revenue estimate was $1.42B, resulting in an average revenue estimate of $1.43B. In the same quarter a year ago, actual revenue was $1.34BBased on 5 analysts’ estimates, the company’s revenue will be $1.47B in the next fiscal year. The high estimate is $1.48B and the low estimate is $1.46B.
