Market Momentum: Apple Hospitality REIT Inc (APLE) Registers a 0.35 Increase, Closing at 14.54

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Apple Hospitality REIT Inc (NYSE: APLE) closed the day trading at $14.54 up 0.35% from the previous closing price of $14.49. In other words, the price has increased by $0.35 from its previous closing price. On the day, 1.77 million shares were traded. APLE stock price reached its highest trading level at $14.59 during the session, while it also had its lowest trading level at $14.35.

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 101.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.93. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.45.

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 May 21 ’24 when KNIGHT GLADE M bought 5,000 shares for $14.78 per share. The transaction valued at 73,900 led to the insider holds 631,990 shares of the business.

Bunting Glenn W Jr bought 549 shares of APLE for $8,004 on May 17 ’24. The Director now owns 10,549 shares after completing the transaction at $14.58 per share. On May 16 ’24, another insider, Hugh Redd, who serves as the Director of the company, bought 1,000 shares for $14.73 each. As a result, the insider paid 14,730 and bolstered with 125,223 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 3523710720 and an Enterprise Value of 5107194368. As of this moment, Apple’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.03, and their Forward P/E ratio for the next fiscal year is 16.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 3.75 whereas that against EBITDA is 11.548.

Stock Price History:

The Beta on a monthly basis for APLE is 1.12, which has changed by 0.012534857 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, APLE has reached a high of $17.85, while it has fallen to a 52-week low of $13.96. The 50-Day Moving Average of the stock is -1.90%, while the 200-Day Moving Average is calculated to be -8.25%.

Shares Statistics:

Over the past 3-months, APLE traded about 2.00M shares per day on average, while over the past 10 days, APLE traded about 2402580 shares per day. A total of 241.52M shares are outstanding, with a floating share count of 226.19M. Insiders hold about 6.66% of the company’s shares, while institutions hold 86.92% stake in the company. Shares short for APLE as of 1715731200 were 11065101 with a Short Ratio of 5.23, compared to 1713139200 on 10463122. Therefore, it implies a Short% of Shares Outstanding of 11065101 and a Short% of Float of 7.199999999999999.

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 0.06625259The stock’s 5-year Average Dividend Yield is 4.66.

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