Apple Hospitality REIT Inc (APLE) concluded trading on Thursday at a closing price of $14.33, with 1.98 million shares of worth about $28.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.94% during that period and on August 29, 2024 the price saw a gain of about 0.49%. Currently the company’s common shares owned by public are about 241.52M shares, out of which, 224.69M shares are available for trading.
Stock saw a price change of 0.42% in past 5 days and over the past one month there was a price change of -3.11%. Year-to-date (YTD), APLE shares are showing a performance of -13.73% which decreased to -5.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.60 but also hit the highest price of $17.85 during that period. The average intraday trading volume for Apple Hospitality REIT Inc shares is 2.28 million. The stock is currently trading 1.04% above its 20-day simple moving average (SMA20), while that difference is down -0.76% for SMA50 and it goes to -7.86% lower than SMA200.
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Apple Hospitality REIT Inc (NYSE: APLE) currently have 241.52M outstanding shares and institutions hold larger chunk of about 87.91% of that.
The stock has a current market capitalization of $3.45B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 16.39, while it has posted earnings per share of $0.87 in the same period. It has a debt-to-equity ratio of 0.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APLE, volatility over the week remained 1.63% while standing at 2.01% over the month.
Stock’s fiscal year EPS is expected to rise by 16.23% while it is estimated to decrease by -3.63% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on June 03, 2024 offering a Neutral rating for the stock and assigned a target price of $15 to it. Coverage by BofA Securities stated Apple Hospitality REIT Inc (APLE) stock as a Neutral in their note to investors on January 08, 2024, suggesting a price target of $18 for the stock. Stock get an Overweight rating from Wells Fargo on March 30, 2023.
