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Apple Hospitality REIT (APLE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here is how Apple Hospitality REIT (APLE) and Bank of Nova Scotia (BNS) have performed compared to their sector so far this year.

Apple Hospitality REIT has delivered a strong run over the past year, and the move puts fresh attention on whether the current share price lines up with what its earnings can reasonably support. For a hotel-focused real estate investment trust, the key issue right now is how much of that performance reflects lasting earning power versus optimistic pricing. The stock is up 67.3% over the past year, which raises a direct question about how much future profit is already reflected in the...

Three real estate stocks—HST, LAMR and APLE—show overbought RSI readings, warning momentum-focused investors.
Some REITs pay dividends quarterly, but these five send checks every single month, and their cash flow coverage tells a more interesting story than the yield numbers alone.
Barclays analyst Richard Hightower maintains Apple Hospitality REIT (NYSE:APLE) with a Equal-Weight and raises the price target from $17 to $18.

Wall Street analysts changed outlook on top names. See complete view of all changes, upgrades, downgrades on analyst ratings page.

Cantor Fitzgerald analyst Jay Kornreich maintains Apple Hospitality REIT (NYSE:APLE) with a Overweight and raises the price target from $16 to $18.

