Scotiabank Raises American Healthcare REIT (NYSE:AHR) Price Target to $55.00

American Healthcare REIT (NYSE:AHR) had its target price boosted by investment analysts at Scotiabank from $47.00 to $55.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 14.58% from the company’s previous close.

AHR has been the topic of several other research reports. Royal Bank Of Canada raised their price target on shares of American Healthcare REIT from $45.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group began coverage on American Healthcare REIT in a research note on Friday, September 19th. They set a “buy” rating and a $51.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of American Healthcare REIT in a research note on Wednesday, October 8th. JMP Securities boosted their target price on shares of American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, October 17th. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $49.40.

American Healthcare REIT Trading Up 0.3%

American Healthcare REIT stock traded up $0.13 during trading on Thursday, reaching $48.00. The company had a trading volume of 640,170 shares, compared to its average volume of 1,602,867. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 342.84, a PEG ratio of 2.43 and a beta of 0.98. The stock’s 50 day moving average price is $43.35 and its two-hundred day moving average price is $39.22. American Healthcare REIT has a 12-month low of $26.11 and a 12-month high of $50.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.44.

Insider Buying and Selling at American Healthcare REIT

In other news, Director Jeffrey T. Hanson sold 20,010 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $49.68, for a total transaction of $994,096.80. Following the transaction, the director directly owned 21,798 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark E. Foster sold 3,850 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total transaction of $161,276.50. Following the transaction, the executive vice president directly owned 59,100 shares in the company, valued at approximately $2,475,699. The trade was a 6.12% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 25,360 shares of company stock valued at $1,229,398. Company insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On American Healthcare REIT

Several hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in American Healthcare REIT by 1,543.1% during the first quarter. Invesco Ltd. now owns 5,022,455 shares of the company’s stock valued at $152,180,000 after purchasing an additional 4,716,792 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of American Healthcare REIT by 350.7% during the 1st quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company’s stock valued at $138,149,000 after acquiring an additional 3,547,635 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of American Healthcare REIT by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company’s stock worth $569,494,000 after acquiring an additional 3,437,861 shares in the last quarter. Nuveen LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter worth $68,097,000. Finally, American Century Companies Inc. grew its holdings in shares of American Healthcare REIT by 103.6% in the 2nd quarter. American Century Companies Inc. now owns 2,556,000 shares of the company’s stock worth $93,907,000 after acquiring an additional 1,300,743 shares during the last quarter. Institutional investors and hedge funds 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.