Apple Hospitality REIT, Inc. (NYSE:APLE) traded at $9.86 at last check on Monday, Jun 29, making an upward move of 5.91% on its previous day’s price.
Looking at the stock we see that its previous close was $9.31 and the beta (5Y monthly) reads 1.07 with the day’s price range being $9.29 – 9.89. The company has a 12-month trailing PE ratio of 16.85. In terms of its 52-week price range, APLE has a high of $16.88 and a low of $4.48. The company’s stock has gained about -3.43% over that past 30 days.
On the other hand, looking at the outlook for the APLE stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Apple (APLE) stock to its peers. We find that today’s price change of +5.91% and -37.83% over the past 12 months for APLE competes that of American Tower Corp (AMT), which has seen its stock price rise 2.97% in the latest trading session and is +24.14% over the last one year. Another of its peers Crown Castle International Corp (CCI) has climbed 0.6% today, and is +24.51% up over the past year, while Prologis Inc (PLD) is also up 5.91% yet its price remains in the red at -37.83% over the same period. American has a P/E ratio of 59.38 compared to Apple’s 16.85 and Crown’s 91.8. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Apple Hospitality REIT, Inc. (NYSE:APLE), we note that the average 3-month trading volume was 3.31 Million, while that of the preceding 10-day period stands at 2.54 Million. Current shares outstanding are 223.22 Million.
According to data from Thomson Reuters, insiders hold 6.7% of the company’s shares while institutions hold 63.99%. The data shows that short shares as of June 14, 2020, stood at 6.18 Million at a short ratio of 1.79. This represents a 2.77% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 6.42 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -39.32% down in year-to-date price movement.