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Apple Hospitality REIT (APLE) Receives a Buy from Barclays

Tipranks - Tipranks - Wed Jan 7, 3:12AM CST

Barclays analyst maintained a Buy rating on Apple Hospitality REIT today and set a price target of $14.00.

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Currently, the analyst consensus on Apple Hospitality REIT is a Hold with an average price target of $12.50.

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Based on Apple Hospitality REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $373.88 million and a net profit of $50.88 million. In comparison, last year the company earned a revenue of $378.84 million and had a net profit of $56.27 million

Based on the recent corporate insider activity of 59 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 $59,550.00.

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