Oppenheimer Maintains Outperform on Apple Hospitality REIT, Lowers Price Target to $17
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
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Should l Buy APLE?
Source: Benzinga
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Analyst Views on APLE
Wall Street analysts forecast APLE stock price to fall
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 13.890
Low
13.00
Averages
13.33
High
14.00
Current: 13.890
Low
13.00
Averages
13.33
High
14.00
About APLE
Apple Hospitality REIT, Inc. is a real estate investment trust (REIT) that owns a diverse portfolio of upscale, rooms-focused hotels in the United States. The Company is self-advised and invests in income-producing real estate. The hotels are operated and managed under separate management agreements with one of 16 hotel management companies, none of which are affiliated with the Company. The Company's portfolio consists of approximately 217 hotels with approximately 29,600 guest rooms located in 84 markets throughout 37 states and the District of Columbia. The Company’s portfolio consists of 96 Marriott-branded hotels, 115 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. The Company's brands include Hilton Garden Inn, Courtyard, Hampton, Residence Inn, Homewood Suites, Fairfield, Home2 Suites, SpringHill Suites, TownePlace Suites, Embassy Suites, AC Hotels, Hyatt Place, Hyatt House, Marriott, Motto, Independent, and Aloft Hotels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
APLE Q1 2026 Earnings Transcript
See More
Apple Hospitality REIT Projects FY Capital Expenditures of $80-90 Million
Apple Hospitality's Financial Outlook: Apple Hospitality has provided a financial outlook for the fiscal year, projecting earnings between $80 million to $90 million.
Market Response: The announcement has implications for investors and stakeholders in the hospitality sector, reflecting the company's performance and market conditions.
See More
Apple Hospitality Set to Release Q1 Earnings on May 4
- Earnings Announcement: Apple Hospitality (APLE) is set to announce its Q1 earnings on May 4 after market close, with consensus EPS estimate at $0.11 and revenue forecast at $329.03 million, providing crucial insights into the company's financial health.
- Revenue Expectations: The consensus revenue estimate of $329.03 million for Q1 indicates market sensitivity to performance; exceeding this estimate could positively impact stock prices, while falling short may lead to negative repercussions.
- Management Transition and Optimization: Apple Hospitality has provided flat RevPAR guidance for 2026 while advancing management transitions and asset optimization strategies, indicating proactive measures in response to market challenges and enhancing operational efficiency.
- Quarterly Performance Beat: Despite a decline in RevPAR, Apple Hospitality delivered a quarterly earnings beat, reflecting resilience in the market and effective strategies from its management team, which may further bolster investor confidence.
See More
Apple Hospitality REIT Stock Surpasses Analyst Target Price
- Price Target Breakthrough: Apple Hospitality REIT (APLE) shares have surpassed the average analyst 12-month target price of $13.00, currently trading at $13.14, indicating increased market confidence that may attract more investor interest.
- Diverse Analyst Reactions: Among the 8 analysts covered by Zacks, target prices range from $12.00 to $14.00, with a standard deviation of $0.755, reflecting differing opinions on the stock's future, necessitating careful evaluation by investors.
- Investor Decision Signal: With APLE's stock price exceeding the average target, investors are prompted to reassess the company's valuation, considering whether to hold or reduce their positions, highlighting the market's focus on fundamental business developments.
- Wisdom of the Crowd: The average target price represents the collective insights of multiple analysts, and APLE's stock crossing this threshold may indicate potential for higher targets or valuation risks, urging investors to stay alert to market developments.
See More
Apple Hospitality Declares $0.08 Monthly Dividend
- Monthly Dividend Announcement: Apple Hospitality (APLE) declares a monthly dividend of $0.08 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Yield Analysis: The forward yield of 7.4% reflects the company's appeal in the current market environment, potentially increasing investor interest in its stock, particularly among high-yield investors.
- Shareholder Record Dates: The dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, providing investors with a clear timeline for investment decisions.
- Market Reaction Expectations: Apple Hospitality's stable dividend policy, combined with its asset optimization and management transition strategies, may enhance its stock price in the future, boosting market confidence in its long-term growth potential.
See More
Barclays Lowers Target Price for Apple Hospitality REIT to $13 from $14
- Apple Hospitality Update: Barclays has reduced the target price for Apple Hospitality from $14 to $13.
- Market Impact: This adjustment reflects Barclays' revised outlook on the company's performance in the hospitality sector.
See More
APLE Q1 2026 Earnings Transcript
See More
Apple Hospitality REIT Projects FY Capital Expenditures of $80-90 Million
Apple Hospitality's Financial Outlook: Apple Hospitality has provided a financial outlook for the fiscal year, projecting earnings between $80 million to $90 million.
Market Response: The announcement has implications for investors and stakeholders in the hospitality sector, reflecting the company's performance and market conditions.
See More
Apple Hospitality Set to Release Q1 Earnings on May 4
- Earnings Announcement: Apple Hospitality (APLE) is set to announce its Q1 earnings on May 4 after market close, with consensus EPS estimate at $0.11 and revenue forecast at $329.03 million, providing crucial insights into the company's financial health.
- Revenue Expectations: The consensus revenue estimate of $329.03 million for Q1 indicates market sensitivity to performance; exceeding this estimate could positively impact stock prices, while falling short may lead to negative repercussions.
- Management Transition and Optimization: Apple Hospitality has provided flat RevPAR guidance for 2026 while advancing management transitions and asset optimization strategies, indicating proactive measures in response to market challenges and enhancing operational efficiency.
- Quarterly Performance Beat: Despite a decline in RevPAR, Apple Hospitality delivered a quarterly earnings beat, reflecting resilience in the market and effective strategies from its management team, which may further bolster investor confidence.
See More
Apple Hospitality REIT Stock Surpasses Analyst Target Price
- Price Target Breakthrough: Apple Hospitality REIT (APLE) shares have surpassed the average analyst 12-month target price of $13.00, currently trading at $13.14, indicating increased market confidence that may attract more investor interest.
- Diverse Analyst Reactions: Among the 8 analysts covered by Zacks, target prices range from $12.00 to $14.00, with a standard deviation of $0.755, reflecting differing opinions on the stock's future, necessitating careful evaluation by investors.
- Investor Decision Signal: With APLE's stock price exceeding the average target, investors are prompted to reassess the company's valuation, considering whether to hold or reduce their positions, highlighting the market's focus on fundamental business developments.
- Wisdom of the Crowd: The average target price represents the collective insights of multiple analysts, and APLE's stock crossing this threshold may indicate potential for higher targets or valuation risks, urging investors to stay alert to market developments.
See More
Apple Hospitality Declares $0.08 Monthly Dividend
- Monthly Dividend Announcement: Apple Hospitality (APLE) declares a monthly dividend of $0.08 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Yield Analysis: The forward yield of 7.4% reflects the company's appeal in the current market environment, potentially increasing investor interest in its stock, particularly among high-yield investors.
- Shareholder Record Dates: The dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, providing investors with a clear timeline for investment decisions.
- Market Reaction Expectations: Apple Hospitality's stable dividend policy, combined with its asset optimization and management transition strategies, may enhance its stock price in the future, boosting market confidence in its long-term growth potential.
See More
Barclays Lowers Target Price for Apple Hospitality REIT to $13 from $14
- Apple Hospitality Update: Barclays has reduced the target price for Apple Hospitality from $14 to $13.
- Market Impact: This adjustment reflects Barclays' revised outlook on the company's performance in the hospitality sector.
See More
