In a report released yesterday, Anthony Powell from Barclays maintained a Buy rating on Apple Hospitality REIT (APLE – Research Report), with a price target of $19.00. The company’s shares closed yesterday at $16.27.
According to TipRanks, Powell is an analyst with an average return of -4.7% and a 45.22% success rate. Powell covers the Real Estate sector, focusing on stocks such as Cousins Properties, SL Green Realty, and Boston Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple Hospitality REIT with a $18.50 average price target.
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APLE market cap is currently $3.71B and has a P/E ratio of 23.43.
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Apple Hospitality REIT (APLE) Company Description:
Apple Hospitality REIT, Inc. is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands. The company was founded by Glade M. Knight on November 8, 2007 and is headquartered in Richmond, VA.
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