Royal Bank of Canada Forecasts Strong Price Appreciation for American Healthcare REIT (NYSE:AHR) Stock

American Healthcare REIT (NYSE:AHR) had its price objective boosted by Royal Bank of Canada from $28.00 to $30.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 6.76% from the stock’s current price.

AHR has been the topic of a number of other reports. Morgan Stanley raised their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp lifted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, JMP Securities lifted their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Trading Up 2.4 %

AHR opened at $28.10 on Monday. The company’s 50 day moving average is $25.45 and its 200-day moving average is $19.52. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $28.34. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $3.70 billion and a P/E ratio of -58.27.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts predict that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of American Healthcare REIT

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after acquiring an additional 3,330,714 shares during the last quarter. V3 Capital Management L.P. purchased a new position in shares of American Healthcare REIT in the 1st quarter worth about $42,337,000. Wellington Management Group LLP boosted its holdings in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after buying an additional 2,747,960 shares during the last quarter. State Street Corp boosted its holdings in shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after buying an additional 2,538,177 shares during the last quarter. Finally, FMR LLC purchased a new position in shares of American Healthcare REIT in the 3rd quarter worth about $56,575,000. 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.