Apple Hospitality REIT Inc (NYSE: APLE)’s stock price has gone decline by -1.29 in comparison to its previous close of 15.47, however, the company has experienced a 2.00% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-04-21 that U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week – its worst week since March 2023 – while high-flying technology stocks were hit particularly hard.
Is It Worth Investing in Apple Hospitality REIT Inc (NYSE: APLE) Right Now?
The price-to-earnings ratio for Apple Hospitality REIT Inc (NYSE: APLE) is above average at 19.72x. The 36-month beta value for APLE is also noteworthy at 1.11. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for APLE is 226.15M, and at present, short sellers hold a 4.40% of that float. The average trading volume of APLE on April 25, 2024 was 1.79M shares.
APLE’s Market Performance
APLE stock saw a decrease of 2.00% in the past week, with a monthly decline of -6.09% and a quarterly a decrease of -5.62%. The volatility ratio for the week is 1.70%, and the volatility levels for the last 30 days are 1.78% for Apple Hospitality REIT Inc (APLE). The simple moving average for the past 20 days is -3.52% for APLE’s stock, with a -4.11% simple moving average for the past 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 -5.26% 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 -14.44% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares sank -6.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.86% lower at present.
During the last 5 trading sessions, APLE rose by +2.00%, which changed the moving average for the period of 200-days by -2.49% in comparison to the 20-day moving average, which settled at $15.78. In addition, Apple Hospitality REIT Inc saw -8.07% 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 3.83. The receivables turnover for the company is 36.38for trailing twelve months and the total asset turnover is 0.27.
Conclusion
In summary, Apple Hospitality REIT Inc (APLE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
