American Healthcare REIT (NYSE:AHR) Price Target Raised to $38.00 at Truist Financial

American Healthcare REIT (NYSE:AHR) had its price objective boosted by equities researchers at Truist Financial from $32.00 to $38.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 7.68% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp dropped their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Morgan Stanley upped their price target on American Healthcare REIT from $37.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, American Healthcare REIT presently has an average rating of “Buy” and a consensus target price of $36.29.

American Healthcare REIT Stock Performance

NYSE:AHR traded down $0.19 during trading hours on Monday, reaching $35.29. The company had a trading volume of 830,410 shares, compared to its average volume of 1,671,025. American Healthcare REIT has a 52 week low of $14.32 and a 52 week high of $36.00. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of -73.54, a PEG ratio of 1.57 and a beta of 1.21. 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 firm’s 50 day moving average price is $32.26 and its 200-day moving average price is $29.96.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. On average, analysts forecast that American Healthcare REIT will post 1.41 EPS for the current year.

Institutional Investors Weigh In On American Healthcare REIT

A number of institutional investors have recently added to or reduced their stakes in AHR. Militia Capital Partners LP purchased a new stake in shares of American Healthcare REIT during the first quarter worth $451,000. Strs Ohio purchased a new position in American Healthcare REIT in the 1st quarter worth approximately $12,241,000. Acadian Asset Management LLC purchased a new stake in shares of American Healthcare REIT during the first quarter worth about $185,000. Intech Investment Management LLC raised its holdings in American Healthcare REIT by 110.2% in the 1st quarter. Intech Investment Management LLC now owns 90,725 shares of the company’s stock worth $2,749,000 after purchasing an additional 47,570 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of American Healthcare REIT by 6.6% in the 1st quarter. Focus Partners Wealth now owns 25,809 shares of the company’s stock valued at $782,000 after purchasing an additional 1,591 shares during the period. 16.68% of the stock is owned by institutional investors.

About American Healthcare REIT

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.