4 stories mentioning APLEUpdated 21d ago
Every FINWIRES story that references APLE, newest first.
Apple Hospitality REIT (APLE) has an average rating of hold and mean price target of $14.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
The lodging and leisure sector delivered strong Q1 earnings, but stocks reacted modestly because expectations were already high, BofA Securities said in a note on Monday.For the quarter, 14 of 17 lodging and leisure companies beat earnings estimates by about 5% on average, according to the note.Companies also raised their 2026 earnings before interest, taxes, depreciation, and amortization outlooks by an average of 1.3%, mainly reflecting the strong Q1 results rather than higher expectations for future quarters, the analysts said."Sentiment was the highest in recent years heading into earnings, resulting in muted stock reactions," the analysts said, adding that they believe company outlooks may still be conservative.BofA raised its price targets for Apple Hospitality REIT (APLE) to $13.50 from $13, for Host Hotels & Resorts (HST) to $23.50 from $22.00, and for Marriott Vacations Worldwide (VAC) to $70 from $65.Price: $13.93, Change: $-0.20, Percent Change: -1.44%
Apple Hospitality REIT (APLE) reported Q1 modified funds from operations late Monday of $0.34 per diluted share, up from $0.33 a year earlier.Analysts polled by FactSet expected $0.31.Revenue in the three months ended March 31 rose to $337.7 million from $327.7 million a year earlier.Analysts expected $327.8 million.Apple Hospitality shares rose 2% in after-hours trading.
Apple Hospitality REIT (APLE) has an average rating of hold and mean price target of $13.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $13.29, Change: $+0.10, Percent Change: +0.76%
