The price-to-earnings ratio for Apple Hospitality REIT Inc (NYSE: APLE) is 20.34x, which is above its average ratio. Moreover, the 36-month beta value for APLE is 1.10. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for APLE is 225.38M and currently, short sellers hold a 4.41% of that float. On April 11, 2024, APLE’s average trading volume was 1.91M shares.
APLE) stock’s latest price update
Apple Hospitality REIT Inc (NYSE: APLE)’s stock price has plunge by -2.54relation to previous closing price of 16.16. Nevertheless, the company has seen a -1.87% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-08 that One of the best ways to protect your portfolio, and generate consistent income is with higher-yielding real estate investment trusts (REITs). In fact, we’re going to look at seven of the best REITs to buy in April below.
APLE’s Market Performance
Apple Hospitality REIT Inc (APLE) has seen a -1.87% fall in stock performance for the week, with a -6.14% decline in the past month and a -4.66% plunge in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.76% for APLE. The simple moving average for the last 20 days is -3.63% for APLE stock, with a simple moving average of -0.94% for the last 200 days.
Analysts’ Opinion of APLE
Many brokerage firms have already submitted their reports for APLE stocks, with BofA Securities repeating the rating for APLE by listing it as a “Neutral.” The predicted price for APLE in the upcoming period, according to BofA Securities is $18 based on the research report published on January 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see APLE reach a price target of $17, previously predicting the price at $18. The rating they have provided for APLE stocks is “Equal Weight” according to the report published on December 08th, 2023.
APLE Trading at -3.19% from the 50-Day Moving Average
After a stumble in the market that brought APLE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.75% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares sank -5.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.69% lower at present.
During the last 5 trading sessions, APLE fell by -1.87%, which changed the moving average for the period of 200-days by +9.68% in comparison to the 20-day moving average, which settled at $16.29. In addition, Apple Hospitality REIT Inc saw -5.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at APLE starting from Woolley Howard E., who purchase 1,000 shares at the price of $15.97 back on Feb 27 ’24. After this action, Woolley Howard E. now owns 12,753 shares of Apple Hospitality REIT Inc, valued at $15,967 using the latest closing price.
Perkins Elizabeth, the SVP & Chief Financial Officer of Apple Hospitality REIT Inc, purchase 1,750 shares at $15.78 during a trade that took place back on Nov 10 ’23, which means that Perkins Elizabeth is holding 226,044 shares at $27,614 based on the most recent closing price.
Stock Fundamentals for APLE
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.33 for the gross margin
The net margin for Apple Hospitality REIT Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 20.79, with 3.66 for asset returns.
Based on Apple Hospitality REIT Inc (APLE), the company’s capital structure generated -14.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at -0.94. The interest coverage ratio of the stock is 3.34.
Currently, EBITDA for the company is 436.37 million with net debt to EBITDA at 3.33. When we switch over and look at the enterprise to sales, we see a ratio of 3.91. The receivables turnover for the company is 36.38for trailing twelve months and the total asset turnover is 0.27.
Conclusion
To wrap up, the performance of Apple Hospitality REIT Inc (APLE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
