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Apple Hospitality (APLE) Surges: Stock Moves 6.1% Higher

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Apple Hospitality REIT, Inc. APLE was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $4.84 –$11.72 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Apple Hospitality currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Apple Hospitality REIT, Inc. Price

Investors interested in the REIT and Equity Trust - Other industry may consider Global Net Lease, Inc. (GNL - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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