APLE Stock Summary and Trading Ideas (Apple Hospitality REIT Common Shares | NYSE:APLE)

Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

Apple Hospitality REIT Common Shares trades on the NYSE stock market under the symbol APLE.

As of April 18, 2024, APLE stock price declined to $14.93 with 1,288,479 million shares trading.

APLE has a beta of 1.00, meaning it tends to be less sensitive to market movements. APLE has a correlation of 0.22 to the broad based SPY ETF.

APLE has a market cap of $3.61 billion. This is considered a Mid Cap stock.

In the last 3 years, APLE stock traded as high as $18.69 and as low as $13.66.

The top ETF exchange traded funds that APLE belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

APLE has underperformed the market in the last year with a price return of -0.4% while the SPY ETF gained +22.3%. APLE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -7.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

APLE support price is $14.76 and resistance is $15.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APLE stock will trade within this expected range on the day.