Fintel reports that on January 27, 2025, B of A Securities upgraded their outlook for Apple Hospitality REIT (NYSE:APLE) from Neutral to Buy.
Analyst Price Forecast Suggests 12.86% Upside
As of December 23, 2024, the average one-year price target for Apple Hospitality REIT is $17.60/share. The forecasts range from a low of $16.16 to a high of $18.90. The average price target represents an increase of 12.86% from its latest reported closing price of $15.59 / share.
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The projected annual revenue for Apple Hospitality REIT is 1,629MM, an increase of 15.46%. The projected annual non-GAAP EPS is 5.50.
What is the Fund Sentiment?
There are 676 funds or institutions reporting positions in Apple Hospitality REIT. This is an increase of 7 owner(s) or 1.05% in the last quarter. Average portfolio weight of all funds dedicated to APLE is 0.20%, an increase of 4.26%. Total shares owned by institutions increased in the last three months by 1.00% to 271,139K shares. 
The put/call ratio of APLE is 0.30, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 14,227K shares representing 5.93% ownership of the company. In its prior filing, the firm reported owning 14,672K shares , representing a decrease of 3.13%. The firm decreased its portfolio allocation in APLE by 11.13% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 9,070K shares representing 3.78% ownership of the company. In its prior filing, the firm reported owning 9,221K shares , representing a decrease of 1.67%. The firm decreased its portfolio allocation in APLE by 4.99% over the last quarter.
T. Rowe Price Investment Management holds 8,725K shares representing 3.64% ownership of the company. In its prior filing, the firm reported owning 8,914K shares , representing a decrease of 2.17%. The firm decreased its portfolio allocation in APLE by 4.48% over the last quarter.
Fuller & Thaler Asset Management holds 7,261K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 7,304K shares , representing a decrease of 0.59%. The firm decreased its portfolio allocation in APLE by 6.91% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,906K shares representing 2.88% ownership of the company. In its prior filing, the firm reported owning 6,896K shares , representing an increase of 0.15%. The firm decreased its portfolio allocation in APLE by 3.93% over the last quarter.
Apple Hospitality REIT Background Information
(This description is provided by the company.)
Apple Hospitality REIT, Inc. is a real estate investment trust ('REIT') that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 233 hotels with more than 29,800 guest rooms located in 88 markets throughout 35 states. Concentrated with industry-leading brands, the Company's portfolio consists of 104 Marriott-branded hotels, 124 Hilton-branded hotels, three Hyatt-branded hotels and two independent hotels.
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