Citizens Jmp Increases American Healthcare REIT (NYSE:AHR) Price Target to $60.00

American Healthcare REIT (NYSE:AHR) had its price target upped by Citizens Jmp from $50.00 to $60.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price target points to a potential upside of 21.15% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Truist Financial lifted their price target on shares of American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Friday, October 17th. JMP Securities upped 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 report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Healthcare REIT in a research note on Wednesday, October 8th. Finally, UBS Group began coverage on American Healthcare REIT in a research report on Friday, September 19th. They issued a “buy” rating and a $51.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $46.50.

American Healthcare REIT Stock Performance

Shares of AHR opened at $49.53 on Monday. The business has a 50-day simple moving average of $42.96 and a two-hundred day simple moving average of $38.90. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. American Healthcare REIT has a 52 week low of $25.70 and a 52 week high of $50.00. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 353.75, a PEG ratio of 2.44 and a beta of 0.98.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. American Healthcare REIT had a return on equity of 1.13% and a net margin of 1.21%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. On average, analysts expect that American Healthcare REIT will post 1.41 EPS for the current year.

Insider Activity at American Healthcare REIT

In other news, EVP Mark E. Foster sold 3,850 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total transaction of $161,276.50. Following the sale, the executive vice president directly owned 59,100 shares of the company’s stock, valued at $2,475,699. This represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in American Healthcare REIT by 1,543.1% in the 1st quarter. Invesco Ltd. now owns 5,022,455 shares of the company’s stock valued at $152,180,000 after acquiring 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% in the 1st quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company’s stock worth $138,149,000 after purchasing an additional 3,547,635 shares during the period. Vanguard Group Inc. boosted its position in American Healthcare REIT by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company’s stock valued at $569,494,000 after acquiring an additional 3,437,861 shares in the last quarter. Nuveen LLC purchased a new position in American Healthcare REIT in the first quarter valued at about $68,097,000. Finally, American Century Companies Inc. grew its position 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 buying an additional 1,300,743 shares during the last quarter. 16.68% of the stock is currently 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.