Peeling Back The Layers: Exploring Apple Hospitality REIT Through Analyst Insights
Apple Hospitality REIT (NYSE:APLE) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Apple Hospitality REIT and provided 12-month price targets. The average target is $17.75, accompanied by a high estimate of $18.00 and a low estimate of $17.00. This current average has increased by 0.45% from the previous average price target of $17.67.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Apple Hospitality REIT. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Shaun Kelley | B of A Securities | Lowers | Neutral | $18.00 | $19.00 |
| Dori Kesten | Wells Fargo | Raises | Equal-Weight | $18.00 | $17.00 |
| Dori Kesten | Wells Fargo | Announces | Equal-Weight | $17.00 | - |
| Dori Kesten | Wells Fargo | Raises | Overweight | $18.00 | $17.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Apple Hospitality REIT. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Apple Hospitality REIT compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Apple Hospitality REIT's stock. This examination reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Apple Hospitality REIT's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Apple Hospitality REIT analyst ratings.
Delving into Apple Hospitality REIT's Background
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.
Breaking Down Apple Hospitality REIT's Financial Performance
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Apple Hospitality REIT displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 5.02%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Apple Hospitality REIT's net margin excels beyond industry benchmarks, reaching 16.33%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Apple Hospitality REIT's ROE excels beyond industry benchmarks, reaching 1.85%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Apple Hospitality REIT's ROA stands out, surpassing industry averages. With an impressive ROA of 1.23%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.47, Apple Hospitality REIT adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.