Wells Fargo Remains a Hold on Apple Hospitality REIT (APLE)

In a report released on September 12, James Feldman from Wells Fargo maintained a Hold rating on Apple Hospitality REIT. The company’s shares closed last Friday at $12.57.

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According to TipRanks, Feldman is a 2-star analyst with an average return of 1.0% and a 48.28% success rate. Feldman covers the Real Estate sector, focusing on stocks such as Ryman, Equity Residential, and Diamondrock.

The word on The Street in general, suggests a Hold analyst consensus rating for Apple Hospitality REIT with a $12.50 average price target.

Based on Apple Hospitality REIT’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $384.37 million and a net profit of $63.65 million. In comparison, last year the company earned a revenue of $390.08 million and had a net profit of $73.93 million

Based on the recent corporate insider activity of 56 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, Glade Knight, the EC of APLE bought 5,000.00 shares for a total of $61,450.00.