Royal Bank Of Canada Increases American Healthcare REIT (NYSE:AHR) Price Target to $54.00

American Healthcare REIT (NYSE:AHR) had its target price lifted by analysts at Royal Bank Of Canada from $45.00 to $54.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 9.98% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial lifted their price target on American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Morgan Stanley restated an “overweight” rating on shares of American Healthcare REIT in a report on Wednesday, September 3rd. Citizens Jmp upped their target price on shares of American Healthcare REIT from $50.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Monday. Zacks Research upgraded shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Finally, KeyCorp restated an “overweight” rating on shares of American Healthcare REIT in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $47.40.

American Healthcare REIT Trading Down 0.1%

Shares of NYSE AHR traded down $0.07 during midday trading on Wednesday, hitting $49.10. 19,875 shares of the company traded hands, compared to its average volume of 1,598,426. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.44. American Healthcare REIT has a 12-month low of $26.11 and a 12-month high of $50.51. The stock has a 50-day moving average price of $43.24 and a 200 day moving average price of $39.16. The firm has a market cap of $8.28 billion, a P/E ratio of 350.43, a P/E/G ratio of 2.43 and a beta of 0.98.

Insider Buying and Selling

In related news, Director Jeffrey T. Hanson sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $49.68, for a total value of $994,096.80. Following the sale, the director owned 21,798 shares in the company, valued at approximately $1,082,924.64. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark E. Foster sold 3,850 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total transaction of $161,276.50. Following the sale, the executive vice president owned 59,100 shares of the company’s stock, valued at approximately $2,475,699. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors have recently made changes to their positions in AHR. Envestnet Portfolio Solutions Inc. purchased a new stake in American Healthcare REIT in the second quarter worth about $207,000. Charles Schwab Investment Management Inc. lifted its position in shares of American Healthcare REIT by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company’s stock valued at $67,722,000 after buying an additional 89,926 shares in the last quarter. Beacon Financial Advisory LLC bought a new position in shares of American Healthcare REIT during the 2nd quarter valued at approximately $230,000. Intech Investment Management LLC increased 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 acquiring an additional 47,570 shares in the last quarter. Finally, HMS Capital Management LLC bought a new position in shares of American Healthcare REIT in the second quarter worth approximately $430,000. Institutional investors own 16.68% of the company’s stock.

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.