Robert W. Baird Sticks to Its Buy Rating for Apple Hospitality REIT

By Jason Carr

Robert W. Baird analyst Michael Bellisario reiterated a Buy rating on Apple Hospitality REIT (NYSE: APLE) today and set a price target of $21. The company’s shares closed yesterday at $19.67.

According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 15.6% and a 88.9% success rate. Bellisario covers the Financial sector, focusing on stocks such as Condor Hospitality Trust Inc, Ashford Hospitality Trust, and Ashford Hospitality Prime.

Apple Hospitality REIT has an analyst consensus of Moderate Buy, with a price target consensus of $20.50.

Based on Apple Hospitality REIT’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $325 million and quarterly net profit of $62.82 million. In comparison, last year the company earned revenue of $281 million and had a net profit of $41.55 million.

Based on the recent corporate insider activity of 48 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 or Hilton brands.