American Healthcare REIT (NYSE:AHR) Price Target Raised to $31.00

American Healthcare REIT (NYSE:AHR) had its price objective raised by investment analysts at Bank of America from $27.00 to $31.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 18.23% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Truist Financial raised their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday. JMP Securities raised their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday. KeyCorp raised their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Morgan Stanley raised their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Trading Up 0.7 %

Shares of AHR traded up $0.19 during mid-day trading on Tuesday, hitting $26.22. The company’s stock had a trading volume of 606,630 shares, compared to its average volume of 1,408,100. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $19.63 and a 200 day simple moving average of $16.17. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $26.77.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The firm had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that American Healthcare REIT will post 1.28 EPS for the current fiscal year.

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 2.6% in the second quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock valued at $89,970,000 after purchasing an additional 157,762 shares during the period. Centersquare Investment Management LLC purchased a new stake in shares of American Healthcare REIT in the first quarter valued at $63,269,000. V3 Capital Management L.P. purchased a new stake in shares of American Healthcare REIT in the first quarter valued at $42,337,000. Land & Buildings Investment Management LLC grew its position in shares of American Healthcare REIT by 19.3% in the second quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock valued at $26,260,000 after purchasing an additional 290,740 shares during the period. Finally, Goldentree Asset Management LP purchased a new stake in shares of American Healthcare REIT in the first quarter valued at $22,125,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

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.