Apple Hospitality raises 2026 RevPAR growth outlook to 5.1%-6.1% as October RevPAR tracks ~10%

Apple Hospitality REIT Inc.'s stock achieved a 52-week high of $18.98, signaling a notable achievement for the company. As of the latest trading, the stock is trading at $18.96, just 1% below its peak value. Over the past year, the stock has demonstrated a remarkable growth rate of 62.13%, indicating strong investor sentiment and favorable market conditions.

Apple Hospitality REIT provides a dividend yield of 5.29%, which adds an income component to its growth narrative. However, InvestingPro analysis suggests that the stock may be overvalued compared to its Fair Value estimate, placing it among the most overvalued stocks in the current market. This performance underscores the company's resilience and growth potential within the real estate investment trust sector.

The recent surge in stock price reflects Apple Hospitality's ability to maintain positive momentum amid changing economic dynamics. Additionally, the company reported impressive third-quarter 2026 results, surpassing analyst expectations. Adjusted earnings per share reached $0.26, outpacing the estimated $0.20. Revenue for the quarter amounted to $398.33 million, surpassing the forecasted $379.7 million.

Moreover, the company observed a 7.3% increase in comparable-hotel revenue per available room (RevPAR) compared to the previous year. Apple Hospitality REIT also noted an expansion in margins and raised its full-year guidance. These financial developments suggest strong financial performance, which may be viewed positively by investors.