Apple Hospitality REIT Inc has a consensus price target of $17.67 based on the ratings of 7 analysts. The high is $20 issued by Barclays on July 5, 2023. The low is $15 issued by Wells Fargo on September 13, 2024. The 3 most-recent analyst ratings were released by Oppenheimer, Oppenheimer, and Wells Fargo on November 8, 2024, October 4, 2024, and September 13, 2024, respectively. With an average price target of $16.67 between Oppenheimer, Oppenheimer, and Wells Fargo, there's an implied 6.02% upside for Apple Hospitality REIT Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Apple Hospitality REIT (NYSE:APLE) was reported by Oppenheimer on November 8, 2024. The analyst firm set a price target for $18.00 expecting APLE to rise to within 12 months (a possible 14.50% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Apple Hospitality REIT (NYSE:APLE) was provided by Oppenheimer, and Apple Hospitality REIT reiterated their outperform rating.
The last upgrade for Apple Hospitality REIT Inc happened on March 30, 2023 when Wells Fargo raised their price target to $17. Wells Fargo previously had an equal-weight for Apple Hospitality REIT Inc.
The last downgrade for Apple Hospitality REIT Inc happened on January 8, 2024 when B of A Securities changed their price target from $19 to $18 for Apple Hospitality REIT Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Apple Hospitality REIT, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Apple Hospitality REIT was filed on November 8, 2024 so you should expect the next rating to be made available sometime around November 8, 2025.
While ratings are subjective and will change, the latest Apple Hospitality REIT (APLE) rating was a reiterated with a price target of $17.00 to $18.00. The current price Apple Hospitality REIT (APLE) is trading at is $15.72, which is out of the analyst’s predicted range.
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