B.Riley FBR Keeps a Buy Rating on Apple Hospitality REIT (APLE)

By Jason Carr

B.Riley FBR analyst Bryan Maher maintained a Buy rating on Apple Hospitality REIT (APLEResearch Report) today and set a price target of $18.00. The company’s shares closed last Monday at $16.63, close to its 52-week high of $16.90.

According to TipRanks.com, Maher is a 4-star analyst with an average return of 6.6% and a 58.0% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Senior Housing Properties, and Braemar Hotels & Resorts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple Hospitality REIT with a $18.00 average price target.

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Apple Hospitality REIT’s market cap is currently $3.72B and has a P/E ratio of 19.17. The company has a Price to Book ratio of 1.11.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APLE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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, Hilton, or Hyatt brands.