Consumers typically avoid spending at hotels when disposable income becomes tight. Yes! As you can see above, if we limit ourselves to monthly payers, we're literally shutting out almost all of the market. Despite these competitive advantages, I would not expect Apple Hospitality to be a strong performer during a recession. There's only one problem with these stocks: they're few and far between. As a result, the stock should be viewed as a speculative buy until the uncertainty stemming from the coronavirus pandemic is cleared up. Fourth quarter modified FFO-per-share of $0.32 declined from $0.36 in the year-ago quarter. Apple Hospitality saw its funds from operations remain pretty flat over the past three fiscal years and they were expected to remain flattish this year as well, although the coronavirus pandemic will likely result in a significant decline in performance. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. Shares have been punished hard from the recent sell-off, meaning bargain hunters may find value in this stock. These discounts are unique to CEFs, and they tell you exactly when these funds are undervalued and ripe for a big move up.