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Stock impact report

Barclays Initiates Coverage on Apple Hospitality REIT, Inc. (APLE) as Hotel REITs Face Long-Term Skepticism [Yahoo! Finance Canada]

Apple Hospitality REIT, Inc. Common Shares (APLE) 
Last apple hospitality reit, inc. common shares earnings: 2/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.applehospitalityreit.com
On January 6, Barclays began coverage of Apple Hospitality REIT, Inc. (NYSE:APLE) with an Overweight rating and a $14 price target. The firm rolled out coverage on seven hotel REITs at the same time. Barclays said hotel REITs are still viewed by many investors as a short-term trading space rather than a place to find long-term excess returns. Its preference leans toward companies with "definable business strategies and solid balance sheets." Apple Hospitality REIT owns a collection of hotels that feel familiar to many travelers. Brands like Courtyard, Fairfield, and Residence Inn appear across its portfolio, which spans the country. Anyone who has stayed at one of these properties knows the model. Simple rooms, consistent service, and locations built around everyday travel. Management has focused on tightening operations. That work includes improving efficiency, cutting operating costs, and replacing older hotels with newer assets. Occupancy has steadily improved alongside these Show less Read more
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