Cantor Fitzgerald increased its price target for Apple Hospitality REIT (APLE) to $18.00 from $16.00. The firm maintained an overweight rating on the stock. This new target represents a potential upside of more than 14% from current levels.
The adjustment follows a second-quarter earnings report where the company raised its full-year 2026 net income guidance. Apple Hospitality also announced plans for capital improvements totaling $85 million to $95 million for 2026.
The company recently expanded its credit facilities to extend debt maturities. Its $700 million revolving credit facility remains entirely undrawn. These financial moves provide liquidity for hotel renovations without immediate financing pressure.