Apple Hospitality REIT, Inc. (APLE) Forms $18.37 Double Bottom; OBAYASHI CORPORATION (OBYCF) Shorts Raised By 3.64%

Apple Hospitality REIT, Inc. (APLE) formed double bottom with $16.90 target or 8.00% below today’s $18.37 share price. Apple Hospitality REIT, Inc. (APLE) has $4.10 billion valuation. The stock increased 0.33% or $0.06 during the last trading session, reaching $18.37. About 875,590 shares traded. Apple Hospitality REIT, Inc. (NYSE:APLE) has risen 3.70% since February 18, 2017 and is uptrending. It has underperformed by 13.00% the S&P500.

OBAYASHI CORPORATION (OTCMKTS:OBYCF) had an increase of 3.64% in short interest. OBYCF’s SI was 299,300 shares in February as released by FINRA. Its up 3.64% from 288,800 shares previously. With 100 avg volume, 2993 days are for OBAYASHI CORPORATION (OTCMKTS:OBYCF)’s short sellers to cover OBYCF’s short positions. It closed at $12.0237 lastly. It is down 0.00% since February 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Apple Hospitality REIT, Inc. (NYSE:APLE) to report earnings on February, 26. They expect $0.36 EPS, down 2.70% or $0.01 from last year’s $0.37 per share. APLE’s profit will be $80.31 million for 12.76 P/E if the $0.36 EPS becomes a reality. After $0.48 actual EPS reported by Apple Hospitality REIT, Inc. for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Among 8 analysts covering Apple Hospitality REIT (NYSE:APLE), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Apple Hospitality REIT had 19 analyst reports since August 28, 2015 according to SRatingsIntel. As per Friday, March 3, the company rating was downgraded by Canaccord Genuity. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, January 7 report. Canaccord Genuity initiated Apple Hospitality REIT, Inc. (NYSE:APLE) rating on Wednesday, December 16. Canaccord Genuity has “Buy” rating and $23 target. The stock has “Outperform” rating by Robert W. Baird on Tuesday, November 29. JMP Securities initiated the stock with “Market Outperform” rating in Friday, September 18 report. Robert W. Baird initiated Apple Hospitality REIT, Inc. (NYSE:APLE) on Friday, August 28 with “Outperform” rating. Canaccord Genuity maintained Apple Hospitality REIT, Inc. (NYSE:APLE) on Thursday, August 10 with “Hold” rating. The firm has “Hold” rating given on Friday, January 8 by BB&T Capital. Ladenburg Thalmann initiated the stock with “Buy” rating in Monday, October 26 report. Robert W. Baird maintained Apple Hospitality REIT, Inc. (NYSE:APLE) on Friday, January 12 with “Buy” rating.

Obayashi Corporation operates as a construction contractor in Japan, North America, Asia, the Middle East, Europe, and Oceania. The company has market cap of $8.63 billion. It constructs buildings, including offices, plants, hospitals, and schools; and civil engineering projects, such as tunnels, bridges, dams, river works, urban infrastructure, railroads, waste disposal facilities, and soil remediation and other projects. It has a 9.23 P/E ratio. The firm also redevelops real estate projects, as well as rents properties.