Apple Hospitality REIT (APLE) Gets a Hold from Wells Fargo

In a report released yesterday, Dori Kesten from Wells Fargo maintained a Hold rating on Apple Hospitality REIT (APLE – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $11.67.

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Kesten covers the Real Estate sector, focusing on stocks such as Xenia Hotels & Resorts, Diamondrock, and Sunstone Hotel. According to TipRanks, Kesten has an average return of 7.9% and a 57.22% success rate on recommended stocks.

Apple Hospitality REIT has an analyst consensus of Hold, with a price target consensus of $12.50.

APLE market cap is currently $2.82B and has a P/E ratio of 14.92.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APLE in relation to earlier this year. Last month, Redd Hugh, a Director at APLE bought 1,000.00 shares for a total of $11,570.00.