Apple Hospitality REITAPLE
Market Cap: $3.38B
About: 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.
Employees: 63
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
126% more call options, than puts
Call options by funds: $7.04M | Put options by funds: $3.12M
54% more repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 91
52% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 31
5% more funds holding
Funds holding: 299 [Q1] → 315 (+16) [Q2]
11% less capital invested
Capital invested by funds: $3.39B [Q1] → $3.03B (-$360M) [Q2]
32.46% less ownership
Funds ownership: 118.45% [Q1] → 85.99% (-32.46%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Oppenheimer Tyler Batory 56% 1-year accuracy 18 / 32 met price target | 22%upside $17 | Outperform Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 10 articles about APLE published over the past 30 days