trending Market Intelligence /marketintelligence/en/news-insights/trending/hS6ZLbogg60WbUr-umu_ww2 content esgSubNav
In This List

FBR Capital Markets & Co. initiates coverage of Apple REIT Nine at 'market perform'

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


FBR Capital Markets & Co. initiates coverage of Apple REIT Nine at 'market perform'

FBR CapitalMarkets & Co. analyst Bryan Maher initiated coverage of Apple Hospitality REIT Inc. with a rating of "marketperform," and a price target of $20.

The analyst wrote in a research report: "Apple HospitalityREIT is now one of the largest and best capitalized of the U.S. lodging REITs andowns 179 hotels (22,961 rooms) that are primarily select-service and extended-stayproperties that fly Marriott and Hilton brand flags located across 83 MSAs in 32states. The portfolio is generally young in age and well maintained and should beable to outperform (RevPAR) the industry over the next 18–24 months. However, giventhe REIT's premium valuation relative to the peer group, we are initiating at MarketPerform with a $20 price target."