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Robert W. Baird Believes Apple Hospitality REIT (APLE) Won’t Stop Here

In a report released yesterday, Michael Bellisario from Robert W. Baird maintained a Buy rating on Apple Hospitality REIT (APLEResearch Report), with a price target of $19.00. The company’s shares closed last Thursday at $18.14, close to its 52-week high of $18.37.

According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 12.0% and a 63.9% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts, Summit Hotel Properties, and Xenia Hotels & Resorts.

Apple Hospitality REIT has an analyst consensus of Moderate Buy, with a price target consensus of $18.67, representing a 3.1% upside. In a report issued on March 1, Barclays also maintained a Buy rating on the stock with a $21.00 price target.

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Based on Apple Hospitality REIT’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $251 million and net profit of $13.22 million. In comparison, last year the company earned revenue of $134 million and had a GAAP net loss of $51.25 million.

Based on the recent corporate insider activity of 58 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. The company was founded by Glade M. Knight on November 8, 2007 and is headquartered in Richmond, VA.

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