APLE

Apple Hospitality REIT Inc

Finance/Real Estate


Presented:02/18/2016
Price:$19.66
Cap:$3.44B
Current Price:$15.01
Cap:$3.61B

Presented

Date02/18/2016
Price$19.66
Market Cap$3.44B
Ent Value$4.22B
P/E Ratio22.61x
Book Value$15.56
Div Yield0%
Shares O/S175.07M
Ave Daily Vol1,399,511
Short Int10.15%

Current

Price$15.01
Market Cap$3.61B
Apple Hospitality REIT, Inc., a real estate investment trust, invests in hotels and other income producing real estate companies located in the US.

Publicly traded companies mentioned herein: Apple Hospitality REIT Inc (APLE), Choice Hotels International Inc (CHH), Hilton Worldwide Holdings Inc (HLT), Host Hotels & Resorts Inc (HST), Intercontinental Hotels Group plc (IHG), Marriott International Inc (MAR)

Highlights

The presenter is bearish on the hotel space, generally speaking, and thinks Apple Hospitality (APLE) is an attractive short at present levels (~$20). Some of the hotel operators’ stocks are cheap at present levels and Hilton and Marriott are smart operators, but shares of some of the others “probably work their way lower” over a longer time horizon (namely Choice and IHG). However, on the lodging REIT side he believes the timing and risk/ reward are favorable now following a “technical” bounce based largely on short covering. APLE, which owns Hilton and Marriott properties across the US, has been considered a “place to hide” due to its position in the market, but shares “should not trade at a premium to NAV.”

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Idea Discussion

Commentor 1 - 2 weeks ago

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