Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $25.13

American Healthcare REIT, Inc. (NYSE:AHR) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.13.

A number of research analysts recently commented on the company. JMP Securities increased their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday, September 20th. Truist Financial raised their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley upped their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp increased their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th.

American Healthcare REIT Stock Down 1.0 %

Shares of NYSE:AHR opened at $28.55 on Wednesday. The firm has a fifty day moving average price of $26.54 and a two-hundred day moving average price of $20.88. The company has a market cap of $4.37 billion and a price-to-earnings ratio of -59.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT has a one year low of $12.63 and a one year high of $29.99.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts anticipate that American Healthcare REIT will post 1.42 EPS for the current fiscal year.

Institutional Trading of American Healthcare REIT

Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in American Healthcare REIT by 13.7% during the 3rd quarter. Franklin Resources Inc. now owns 167,185 shares of the company’s stock valued at $4,129,000 after purchasing an additional 20,174 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $28,000. World Investment Advisors LLC bought a new position in shares of American Healthcare REIT during the third quarter valued at approximately $946,000. Sanctuary Advisors LLC purchased a new stake in American Healthcare REIT in the third quarter worth $293,000. Finally, Fulcrum Equity Management bought a new stake in American Healthcare REIT in the third quarter valued at $259,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Company Profile

Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value.