American Healthcare REIT (NYSE:AHR) Given New $29.00 Price Target at Morgan Stanley

American Healthcare REIT (NYSE:AHR) had its price target increased by Morgan Stanley from $27.00 to $29.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 3.57% from the company’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Truist Financial lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. JMP Securities raised their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.00.

American Healthcare REIT Stock Down 1.7 %

American Healthcare REIT stock traded down $0.48 during mid-day trading on Monday, reaching $28.00. 338,372 shares of the company were exchanged, compared to its average volume of 1,587,852. The business has a fifty day moving average of $27.48 and a 200 day moving average of $22.41. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $29.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $4.29 billion and a P/E ratio of -58.33.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that American Healthcare REIT will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Kozak & Associates Inc. bought a new position in American Healthcare REIT during the third quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in American Healthcare REIT in the 2nd quarter worth about $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT during the 2nd quarter valued at approximately $33,000. Finally, Quarry LP acquired a new position in American Healthcare REIT during the third quarter worth $33,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Company Profile

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.