APLE

Apple Hospitality REIT has been upgraded to a Zacks Rank #2 (Buy) rating due to rising earnings estimate revisions. The company is expected to earn $1.66 per share for fiscal year 2026, with consensus estimates increasing 1.9% over the past three months. The upgrade positions APLE in the top 20% of Zacks-covered stocks, suggesting potential for near-term stock price appreciation.

Apple Hospitality REIT (APLE) and Extra Space Storage (EXR) are compared as potential value investments in the REIT sector. APLE emerges as the more attractive option for value investors with a Zacks Rank #2 (Buy) versus EXR's Rank #3 (Hold), a lower forward P/E ratio of 10.94 compared to EXR's 17.17, and a superior Value grade of B versus EXR's D grade.

EastGroup Properties reported quarterly FFO of $2.45 per share, beating consensus estimates of $2.43, with revenues of $199.44 million also exceeding expectations. However, the stock received a Zacks Rank #4 (Sell) rating due to unfavorable estimate revision trends ahead of the earnings release, suggesting underperformance in the near term despite outperforming the S&P 500 by 13% year-to-date.