Apple Hospitality REIT (APLE) : Traders are bullish on Apple Hospitality REIT (APLE) as it has outperformed the S&P 500 by a margin of 3.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.41% in the last 1 week, and is up 10.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Apple Hospitality REIT (NYSE:APLE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.24 and $20.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.36, notching a gain of 0.49% for the day. The total traded volume was 1,001,844 . The stock had closed at $20.26 on the previous day.
The stock has recorded a 20-day Moving Average of 5.9% and the 50-Day Moving Average is 8.93%. Apple Hospitality REIT, Inc. is up 9.66% in the last 3-month period. Year-to-Date the stock performance stands at 5.29%.
Apple Hospitality REIT, Inc. is a real estate investment trust (REIT). The Company owns portfolios of upscale, select service hotels in the United States. The Companys portfolio is diversified across the Hilton and Marriott families of brands with locations in urban, suburban and developing markets. The Company operates approximately 177 hotels, with approximately 22,750 guestrooms under Courtyard by Marriott, Fairfield Inn by Marriott, Fairfield Inn & Suites by Marriott, Marriott Hotels & Resorts, Renaissance Hotels, Residence Inn by Marriott, SpringHill Suites by Marriott, TownePlace Suites by Marriott, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton, Hilton Garden Inn, Home2 Suites by Hilton and Homewood Suites by Hilton brands. The Company operates approximately 90 Marriott-branded hotels and 83 Hilton-branded hotels.