Apple Hospitality REIT (NYSE:APLE) Now Covered by Oppenheimer

Equities research analysts at Oppenheimer began coverage on shares of Apple Hospitality REIT (NYSE:APLEGet Rating) in a note issued to investors on Thursday, The Fly reports. The firm set an “outperform” rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. TheStreet cut shares of Apple Hospitality REIT from a “b-” rating to a “c” rating in a report on Thursday, April 7th. Barclays lifted their price objective on shares of Apple Hospitality REIT from $19.00 to $21.00 in a research note on Tuesday, March 1st. StockNews.com started coverage on shares of Apple Hospitality REIT in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.67.

Shares of Apple Hospitality REIT stock traded down $0.24 on Thursday, hitting $17.79. 289,442 shares of the company traded hands, compared to its average volume of 2,026,085. The company has a 50-day moving average price of $17.62 and a 200 day moving average price of $16.59. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.04. Apple Hospitality REIT has a 12-month low of $13.83 and a 12-month high of $18.69. The company has a market cap of $4.07 billion, a PE ratio of 222.38 and a beta of 1.13.

In other Apple Hospitality REIT news, Director Howard E. Woolley purchased 1,670 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The stock was purchased at an average cost of $17.96 per share, with a total value of $29,993.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 6.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of APLE. Barclays PLC lifted its position in shares of Apple Hospitality REIT by 31.6% during the third quarter. Barclays PLC now owns 500,411 shares of the real estate investment trust’s stock worth $7,872,000 after purchasing an additional 120,248 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Apple Hospitality REIT by 3.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,941 shares of the real estate investment trust’s stock worth $2,115,000 after purchasing an additional 4,849 shares in the last quarter. Keybank National Association OH lifted its position in shares of Apple Hospitality REIT by 10.1% during the third quarter. Keybank National Association OH now owns 85,065 shares of the real estate investment trust’s stock worth $1,338,000 after purchasing an additional 7,815 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Apple Hospitality REIT by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,172,659 shares of the real estate investment trust’s stock worth $49,909,000 after purchasing an additional 71,534 shares in the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in shares of Apple Hospitality REIT by 3.4% during the fourth quarter. Virginia Retirement Systems ET AL now owns 349,900 shares of the real estate investment trust’s stock worth $5,651,000 after purchasing an additional 11,600 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

About Apple Hospitality REIT (Get Rating)

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (ÂREITÂ) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.

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