On Monday, Apple Hospitality REIT Inc (NYSE: APLE) opened higher 0.07% from the last session, before settling in for the closing price of $14.99. Price fluctuations for APLE have ranged from $13.95 to $17.85 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 8.70%. Company’s average yearly earnings per share was noted 19.74% at the time writing. With a float of $226.19 million, this company’s outstanding shares have now reached $241.52 million.
Let’s determine the extent of company efficiency that accounts for 63 employees.
Apple Hospitality REIT Inc (APLE) Insider Activity
A key investor’s attitude towards the stock of the REIT – Hotel & Motel industry is another important factor to consider. The insider ownership of Apple Hospitality REIT Inc is 6.66%, while institutional ownership is 87.10%. The most recent insider transaction that took place on May 21 ’24, was worth 73,900. In this transaction Executive Chairman of this company bought 5,000 shares at a rate of $14.78, taking the stock ownership to the 631,990 shares. Before that another transaction happened on May 17 ’24, when Company’s Director bought 549 for $14.58, making the entire transaction worth $8,004. This insider now owns 10,549 shares in total.
Apple Hospitality REIT Inc (APLE) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.29 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.22) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.74% per share during the next fiscal year.
Apple Hospitality REIT Inc (NYSE: APLE) Trading Performance Indicators
Check out the current performance indicators for Apple Hospitality REIT Inc (APLE). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.67. Likewise, its price to free cash flow for the trailing twelve months is 11.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.85, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 0.88 in one year’s time.
Technical Analysis of Apple Hospitality REIT Inc (APLE)
Looking closely at Apple Hospitality REIT Inc (NYSE: APLE), its last 5-days average volume was 1.93 million, which is a drop from its year-to-date volume of 2.07 million. As of the previous 9 days, the stock’s Stochastic %D was 34.25%. Additionally, its Average True Range was 0.31.
During the past 100 days, Apple Hospitality REIT Inc’s (APLE) raw stochastic average was set at 34.60%, which indicates a significant decrease from 68.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.60% in the past 14 days, which was higher than the 18.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.53, while its 200-day Moving Average is $15.73. However, in the short run, Apple Hospitality REIT Inc’s stock first resistance to watch stands at $15.09. Second resistance stands at $15.18. The third major resistance level sits at $15.26. If the price goes on to break the first support level at $14.91, it is likely to go to the next support level at $14.83. Should the price break the second support level, the third support level stands at $14.74.
Apple Hospitality REIT Inc (NYSE: APLE) Key Stats
There are currently 242,346K shares outstanding in the company with a market cap of 3.64 billion. Presently, the company’s annual sales total 1,344 M according to its annual income of 177,490 K. Last quarter, the company’s sales amounted to 329,510 K and its income totaled 54,050 K.
