Apple Hospitality REIT Receives a Hold from Barclays

By Jason Carr

In a report released yesterday, Felicia Hendrix from Barclays maintained a Hold rating on Apple Hospitality REIT (NYSE: APLE), with a price target of $20. The company’s shares closed yesterday at $17.53, close to its 52-week low of $17.45.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 7.4% and a 64.0% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Norwegian Cruise Line.

Currently, the analyst consensus on Apple Hospitality REIT is Moderate Buy and the average price target is $20, representing a 14.1% upside.

In a report issued on February 23, B.Riley FBR also maintained a Hold rating on the stock with a $20 price target.

The company has a one-year high of $20.19 and a one-year low of $17.45. Currently, Apple Hospitality REIT has an average volume of 1.37M.

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Apple Hospitality REIT, Inc. is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban and developing markets throughout states, which operates under Marriott or Hilton brands.