Currently, there are 239.77M common shares owned by the public and among those 222.95M shares have been available to trade.
The company’s stock has a 5-day price change of -5.52% and -13.94% over the past three months. APLE shares are trading -10.75% year to date (YTD), with the 12-month market performance down to -16.75% lower. It has a 12-month low price of $13.56 and touched a high of $16.93 over the same period. APLE has an average intraday trading volume of 2.01 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.19%, -8.93%, and -7.93% respectively.
Institutional ownership of Apple Hospitality REIT Inc (NYSE: APLE) shares accounts for 86.27% of the company’s 239.77M shares outstanding.
It has a market capitalization of $3.28B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 15.46, while the earnings-per-share (ttm) stands at $0.89. The company has a debt-to-equity ratio at 0.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.94% over the week and 2.43% over the month.
Earnings per share for the fiscal year are expected to decrease by -9.27%, and 4.95% over the next financial year.
Looking at the support for the APLE, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on January 27, 2025, with the firm’s price target at $16-$17. BMO Capital Markets coverage for the Apple Hospitality REIT Inc (APLE) stock in a research note released on December 09, 2024 offered a Outperform rating with a price target of $18. Wedbush was of a view on June 03, 2024 that the stock is Neutral, while BofA Securities gave the stock Neutral rating on January 08, 2024, issuing a price target of $19- $18. Wells Fargo on their part issued Equal Weight rating on December 08, 2023.
