Apple Hospitality REIT, Inc. (APLE)

Real Estate Investment Trusts

Latest Price

$16.51

TTM P/E

22.62

Normalized P/E

23.34

Div Yield

5.81%

Book Value

13.24

P/B Ratio

1.25

Valuation metrics

EPS: $0.74

Book value / share: $13.36

Formula: √(22.5 × EPS × BVPS)

Graham Number

$14.92

10% downside

Norm. op. income: $234M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$2.93

82% downside

EPS: $0.74

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$17.02

+3% upside

83.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	39.92M	$459.0M	16.91%	+418.7K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	22.06M	$253.0M	9.35%	--	2026-03-31
STATE STREET CORP	12.77M	$148.0M	5.41%	-189.0K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	9.62M	$110.0M	4.07%	--	2026-03-31
FULLER & THALER ASSET MANAGEMENT, INC.	7.40M	$85.0M	3.14%	+296.6K	2026-03-31
CITADEL ADVISORS LLC	6.26M	$72.0M	2.65%	+5.72M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	6.22M	$71.0M	2.64%	+142.0K	2026-03-31
VICTORY CAPITAL MANAGEMENT INC	5.68M	$65.0M	2.40%	-496.6K	2026-03-31
GOLDMAN SACHS GROUP INC	5.16M	$59.0M	2.19%	-132.9K	2026-03-31
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	4.91M	$56.0M	2.08%	+192.7K	2026-03-31