(APLE) Apple Hospitality REIT - Ratings and Ratios

Apple Hospitality REIT, Inc. (NYSE: APLE) is a leading real estate investment trust with a vast portfolio of upscale hotels across the United States, boasting a total of 220 hotels and approximately 29,800 guest rooms. The companys hotels are strategically located in 85 markets across 37 states and the District of Columbia, with a strong presence of industry-leading brands, including Marriott, Hilton, and Hyatt.

The companys diversified portfolio is comprised of 97 Marriott-branded hotels, 117 Hilton-branded hotels, five Hyatt-branded hotels, and one independent hotel, allowing it to capitalize on the strengths of various brands while minimizing reliance on a single brand. With a strong online presence, investors can find more information about the company on its website: https://www.applehospitalityreit.com.

From a technical analysis perspective, APLEs stock price is currently at $11.60, slightly below its 20-day simple moving average (SMA) of $11.70 and near its 50-day SMA of $11.63. However, it is significantly lower than its 200-day SMA of $13.71, indicating a potential long-term downtrend. The stocks average true range (ATR) is $0.28, representing a 2.45% daily price movement. Given the current technical indicators, it is likely that APLEs stock price will experience a short-term correction, potentially reaching $12.00 in the near future, driven by a combination of its oversold condition and the overall market sentiment.

Fundamentally, APLEs market capitalization stands at $2.757 billion, with a price-to-earnings (P/E) ratio of 14.49 and a forward P/E ratio of 15.87. The companys return on equity (RoE) is 5.84%, indicating a relatively stable return for investors. By analyzing the companys fundamental data and technical indicators, we can forecast that APLEs stock price will likely experience a moderate increase in the next quarter, potentially reaching $13.00, driven by its stable earnings growth and the overall recovery of the hospitality industry.

Based on the analysis of both technical and fundamental data, our forecast suggests that APLEs stock price will experience a short-term correction, followed by a moderate increase in the next quarter. Investors should closely monitor the companys earnings reports, industry trends, and overall market sentiment to make informed investment decisions.