Apple Hospitality REIT (APLE) Reports In-Line Q4 EPS
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FBR Capital Reiterates Market Perform on Apple Hospitality REIT (APLE) Following 4Q
February 28, 2017 7:17 AM ESTFBR Capital reiterated a Market Perform rating and $20.00 price target on Apple Hospitality REIT (NYSE: APLE) following the company's 4Q earnings report. Apples comparable RevPAR increased 1.8% in 4Q16, with ADR up 0.9% and occupancy up 70 bps. The company also completed the sale of the 226-room Marriott Chesapeake in Chesapeake, Virginia for $9.9 million.... More
