Apple Hospitality REIT Inc (NYSE: APLE) on Monday, plunged -0.55% from the previous trading day, before settling in for the closing price of $14.50. Within the past 52 weeks, APLE’s price has moved between $13.60 and $17.85.
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A company in the Real Estate sector has jumped its sales by 8.70% annually for the last half of the decade. The company achieved an average annual earnings per share of 16.23%. With a float of $224.69 million, this company’s outstanding shares have now reached $241.52 million.
In an organization with 63 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 25.8%, operating margin of 19.26%, and the pretax margin is 14.98%.
Apple Hospitality REIT Inc (APLE) Insider Updates
Observing investor behavior towards REIT – Hotel & Motel industry stocks is more important than anything else. The insider ownership of Apple Hospitality REIT Inc is 6.67%, while institutional ownership is 87.89%. The most recent insider transaction that took place on Aug 21 ’24, was worth 14,095. In this transaction Director of this company bought 1,000 shares at a rate of $14.10, taking the stock ownership to the 126,223 shares. Before that another transaction happened on Aug 08 ’24, when Company’s Executive Chairman bought 5,000 for $14.04, making the entire transaction worth $70,225. This insider now owns 636,990 shares in total.
Apple Hospitality REIT Inc (APLE) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.26 earnings per share (EPS) for the period topping the consensus outlook (set at 0.24) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.23% per share during the next fiscal year.
Apple Hospitality REIT Inc (NYSE: APLE) Trading Performance Indicators
Apple Hospitality REIT Inc (APLE) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.50. Likewise, its price to free cash flow for the trailing twelve months is 10.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.87, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 0.86 in one year’s time.
Technical Analysis of Apple Hospitality REIT Inc (APLE)
Let’s dig in a bit further. During the last 5-days, its volume was 1.72 million. That was inferior than the volume of 2.1 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.98%. Additionally, its Average True Range was 0.30.
During the past 100 days, Apple Hospitality REIT Inc’s (APLE) raw stochastic average was set at 30.14%, which indicates a significant decrease from 76.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.55% in the past 14 days, which was lower than the 20.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.45, while its 200-day Moving Average is $15.57. However, in the short run, Apple Hospitality REIT Inc’s stock first resistance to watch stands at $14.59. Second resistance stands at $14.76. The third major resistance level sits at $14.85. If the price goes on to break the first support level at $14.33, it is likely to go to the next support level at $14.24. Assuming the price breaks the second support level, the third support level stands at $14.07.
Apple Hospitality REIT Inc (NYSE: APLE) Key Stats
Market capitalization of the company is 3.47 billion based on 242,346K outstanding shares. Right now, sales total 1,344 M and income totals 177,490 K. The company made 390,080 K in profit during its latest quarter, and 73,930 K in sales during its previous quarter.
