Baird analyst Michael Bellisario lowered the firm’s price target on Apple Hospitality REIT (APLE) to $13 from $14 and keeps an Outperform rating on the shares. The firm says recent RevPAR trends have been weaker than expected, particularly for the select-service segment. It now sees a downward bias to near-term operating performance and earnings estimates.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APLE:
- Apple Hospitality REIT initiated with an Overweight at Cantor Fitzgerald
- Apple Hospitality REIT Updates Investor Presentation
- Apple Hospitality REIT Earnings Call: Mixed Sentiment Amid Challenges
- Apple Hospitality REIT Releases Updated Investor Presentation
- Apple Hospitality REIT Reports Q2 2025 Earnings