Apple Hospitality REIT Inc (NYSE: APLE) has seen a decline in its stock price by -0.92 in relation to its previous close of 16.32. However, the company has experienced a 4.73% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-10 that U.S. equity markets soared to record highs this week after President-elect Trump scored a surprisingly decisive election victory, including a likely “trifecta” of Republican legislative control in Congress. The outcome sparked powerful moves across global financial markets as investors priced in a combination of domestic-focused and “pro-growth” economic policies but also reflected concern over deficits and immigration policy. Characteristic of the “Trump trade” dynamic, smaller-cap companies led the surge, outperforming mega-cap technology and international-heavy peers. The S&P Small-Cap 600 soared 9%, outpacing 5% gains from the S&P 500.
Is It Worth Investing in Apple Hospitality REIT Inc (NYSE: APLE) Right Now?
Apple Hospitality REIT Inc (NYSE: APLE) has a higher price-to-earnings ratio of 18.97x compared to its average ratio. APLE has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for APLE is 223.81M, and currently, short sellers hold a 4.78% ratio of that float. The average trading volume of APLE on November 27, 2024 was 1.89M shares.
APLE’s Market Performance
APLE stock saw an increase of 4.73% in the past week, with a monthly gain of 7.09% and a quarterly increase of 13.39%. The volatility ratio for the week is 2.03%, and the volatility levels for the last 30 days are 2.14% for Apple Hospitality REIT Inc (APLE). The simple moving average for the past 20 days is 3.98% for APLE’s stock, with a 7.31% simple moving average for the past 200 days.
Analysts’ Opinion of APLE
Many brokerage firms have already submitted their reports for APLE stocks, with Wedbush repeating the rating for APLE by listing it as a “Neutral.” The predicted price for APLE in the upcoming period, according to Wedbush is $15 based on the research report published on June 03, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see APLE reach a price target of $18, previously predicting the price at $19. The rating they have provided for APLE stocks is “Neutral” according to the report published on January 08th, 2024.
Wells Fargo gave a rating of “Equal Weight” to APLE, setting the target price at $17 in the report published on December 08th of the previous year.
APLE Trading at 6.14% 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 -9.40% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +6.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.45% upper at present.
During the last 5 trading sessions, APLE rose by +4.73%, which changed the moving average for the period of 200-days by -0.31% in comparison to the 20-day moving average, which settled at $15.55. In addition, Apple Hospitality REIT Inc saw -2.65% 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 Hugh Redd, who purchase 1,000 shares at the price of $14.10 back on Aug 21 ’24. After this action, Hugh Redd now owns 126,223 shares of Apple Hospitality REIT Inc, valued at $14,095 using the latest closing price.
KNIGHT GLADE M, the Executive Chairman of Apple Hospitality REIT Inc, purchase 5,000 shares at $14.04 during a trade that took place back on Aug 08 ’24, which means that KNIGHT GLADE M is holding 636,990 shares at $70,225 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
- 0.26 for the gross margin
The net margin for Apple Hospitality REIT Inc stands at 0.15. The total capital return value is set at 0.06. Equity return is now at value 6.34, with 4.19 for asset returns.
Based on Apple Hospitality REIT Inc (APLE), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 3.25.
Currently, EBITDA for the company is 436.37 million with net debt to EBITDA at 3.49. When we switch over and look at the enterprise to sales, we see a ratio of 3.89. The receivables turnover for the company is 24.58for trailing twelve months and the total asset turnover is 0.28.
Conclusion
To put it simply, Apple Hospitality REIT Inc (APLE) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
