7 stories mentioning APLEUpdated 50m ago
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Apple Hospitality REIT (APLE) has an average rating of hold and mean price target of $16.72, 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://finwires.com/en/contact)
Apple Hospitality REIT (APLE) has an average rating of hold and mean price target of $16.28, 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://finwires.com/en/contact)
Pebblebrook Hotel Trust (PEB), RLJ Lodging Trust (RLJ), DiamondRock Hospitality (DRH), and Apple Hospitality (APLE) are expected to benefit from stronger US hotel demand heading into Q2, supported by healthy RevPAR trends and World Cup-related demand, BofA Securities said in a note MondayThe firm said RevPAR during the quarter was up 5.7% year-over-year, driven by luxury hotels, urban/resorts, and weekday demand. The World Cup provided an additional boost, contributing an estimated 75 basis points to Q2 RevPAR growth, with the biggest benefit going to higher-end hotel chains."The gap between the high and low end in hotels actually widened through the quarter, though if the World Cup is the cause, the data will converge starting next week," the firm added.For lodging real estate investment trusts, the firm expects Q2 RevPAR growth of 4.7%, about 125 basis points above Street expectations. It also projects all lodging REITs to beat estimates, with potential for modest Q3 estimate increases.BofA raised price targets on Pebblebrook Hotel Trust to $16.50 from $14, RLJ Lodging Trust to $10.50 from $9.25, DiamondRock Hospitality to $13 from $12.50, and Apple Hospitality to $16 from $15.Price: $19.45, Change: $+0.44, Percent Change: +2.31%
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://finwires.com/en/contact)
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://finwires.com/en/contact)Price: $13.29, Change: $+0.10, Percent Change: +0.76%
