Faheem Tahir
2 min read
In This Article:
Apple Hospitality REIT, Inc. (NYSE:APLE) announced its acquisition of the 126-room Homewood Suites by Hilton Tampa-Brandon on June 11, 2025. The acquisition was made at a price below replacement cost. The $18.8 million acquisition was finalized at $149,000 per key, with a 12% cap rate. Furthermore, the acquisition is located in the Tampa East submarket, which saw a YoY RevPar growth of 15% through April 2025. APLE is one of the 7 52-Week Low Dividend Stocks to Consider.
A sweeping aerial view of a hospitality service lodge nestled atop a lush hillside.
Apple Hospitality REIT, Inc. (NYSE:APLE) manages a diversified portfolio of 221 high-end hotels across 37 U.S. states and D.C., comprising 29,900 rooms. As of the time of writing this article, the company has a market cap of $2.77 billion and a share price of $11.64.
However, the stock’s rating was downgraded by BMO Capital Markets from ‘Outperform’ to ‘Market Perform’, with the price target revised down from $14 to $12. The analyst associated the downgrade with instability in demand for lodging. Nevertheless, Apple Hospitality REIT, Inc. (NYSE:APLE) is well-positioned to optimize market exposure while navigating broader market challenges through its planned acquisition of a Motto by Hilton in Nashville and the sale of its Houston Marriott. APLE is one of the best 52-week low stocks.
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Disclosure: None.
