APLE - Apple Hospitality REIT: Ripe To Buy

Summary

• 24% technical buy signals.
• 17 new highs and up 21.76% in the last month.
• Analyst's price targets from 17.00 to 22.00.

The Chart of the Day belongs to the hotel REIT Apple Hospitality ( APLE ). I found the stock by sorting the Russell 3000 Index stocks first by the most frequent number of new highs in the last month and having a Trend Spotter buy signal then using the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on 10/18 the stock gained 6.34%.

Apple Hospitality REIT, Inc. (APLE) is a publicly traded real estate investment trust ('REIT') that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states. Concentrated with industry-leading brands, the Company's portfolio consists of 104 Marriott-branded hotels, 126 Hilton-branded hotels, three Hyatt-branded hotels and two independent hotels.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 24% technical buy signals
• 5.46+ Weighted Alpha
• 8.98% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100-day moving averages
• 17 new highs and up 21.76% in the last month
• Relative Strength Index 72.32%
• Technical support level at 16.93
• Recently traded at 17.12 with 50-day moving average of 15.63

Fundamental factors:

• Market Cap $3.89 billion
• P/E 12.39
• Dividend Yield 4.95%
• Revenue expected to grow 30.60% this year and another 6.30% next year
• Earnings estimated to increase 800.00% this year and an additional 16.70% next year

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