Barclays (LON:BARC) analyst Anthony Powell maintained a Hold rating on Apple Hospitality REIT (NYSE:APLE) on Wednesday, setting a price target of $13, which is approximately 42.70% above the present share price of $9.11.
Powell expects Apple (NASDAQ:AAPL) Hospitality REIT to post earnings per share (EPS) of -$0.01 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Apple Hospitality REIT, with an average price target of $11.25.
The analysts price targets range from a high of $12.5 to a low of $10.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $238.01 million and a net profit of $4.1 million. The company's market cap is $2.29 billion.
According to TipRanks.com, Barclays analyst Anthony Powell is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.2% and a 43.21% success rate.
Apple Hospitality REIT, Inc. is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands. The company was founded by Glade M. Knight on November 8, 2007 and is headquartered in Richmond, VA.