Apple Hospitality REIT Inc (NYSE:APLE) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 3,520,000 shares, a drop of 14.8% from the June 30th total of 4,130,000 shares. Based on an average daily trading volume, of 2,930,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.7% of the shares of the company are sold short.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, July 10th. TheStreet cut Apple Hospitality REIT from a “c” rating to a “d+” rating in a research report on Friday, May 22nd. Barclays lifted their price objective on Apple Hospitality REIT from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. ValuEngine raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, KeyCorp reissued a “hold” rating on shares of Apple Hospitality REIT in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Apple Hospitality REIT currently has a consensus rating of “Hold” and an average target price of $13.08.

Shares of APLE stock traded down $0.10 during mid-day trading on Friday, hitting $8.82. The company’s stock had a trading volume of 1,669,681 shares, compared to its average volume of 1,966,770. Apple Hospitality REIT has a 52-week low of $4.48 and a 52-week high of $16.88. The business has a 50-day moving average price of $9.54 and a 200 day moving average price of $10.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.37 and a current ratio of 4.37. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 14.95 and a beta of 1.04.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, May 18th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). Apple Hospitality REIT had a net margin of 10.91% and a return on equity of 3.98%. The company had revenue of $238.01 million for the quarter, compared to the consensus estimate of $245.39 million. Equities research analysts predict that Apple Hospitality REIT will post 0.15 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. UBS Group AG lifted its position in shares of Apple Hospitality REIT by 15.2% in the second quarter. UBS Group AG now owns 402,530 shares of the real estate investment trust’s stock valued at $3,888,000 after acquiring an additional 53,057 shares in the last quarter. Grove Bank & Trust purchased a new stake in Apple Hospitality REIT during the second quarter valued at approximately $131,000. Signaturefd LLC raised its position in Apple Hospitality REIT by 26.2% during the second quarter. Signaturefd LLC now owns 6,537 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,358 shares during the period. First Quadrant L P CA purchased a new stake in Apple Hospitality REIT during the second quarter valued at approximately $186,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Apple Hospitality REIT by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,276 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 5,506 shares during the period. Institutional investors and hedge funds own 62.30% of the company’s stock.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.

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