American Healthcare REIT (NYSE:AHR) Price Target Raised to $30.00 at Royal Bank of Canada

American Healthcare REIT (NYSE:AHR) had its target price boosted by equities researchers at 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 target points to a potential upside of 9.29% from the company’s current price.

AHR has been the subject of a number of other reports. Morgan Stanley lifted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Truist Financial lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, KeyCorp boosted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT Stock Up 1.0 %

NYSE:AHR traded up $0.27 during mid-day trading on Monday, reaching $27.45. The stock had a trading volume of 339,933 shares, compared to its average volume of 1,454,929. The company has a market capitalization of $3.61 billion and a price-to-earnings ratio of -57.19. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $27.77. The stock’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $19.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts anticipate that American Healthcare REIT will post 1.41 EPS for the current year.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after buying an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after buying an additional 3,330,714 shares in the last quarter. State Street Corp increased its holdings in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after buying an additional 2,538,177 shares in the last quarter. V3 Capital Management L.P. bought a new position in shares of American Healthcare REIT in the first quarter valued at $42,337,000. Finally, Geode Capital Management LLC increased its holdings in shares of American Healthcare REIT by 76.4% in the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after buying an additional 1,094,296 shares in the last quarter. 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.