Morgan Stanley Forecasts Strong Price Appreciation for American Healthcare REIT (NYSE:AHR) Stock

American Healthcare REIT (NYSE:AHR) had its price objective lifted by equities research analysts at Morgan Stanley from $36.00 to $37.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 24.02% from the stock’s previous close.

AHR has been the subject of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $32.17.

American Healthcare REIT Price Performance

AHR opened at $29.83 on Tuesday. The company has a fifty day moving average price of $28.92 and a two-hundred day moving average price of $27.48. 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 capitalization of $4.70 billion and a PE ratio of -62.15. American Healthcare REIT has a 52 week low of $12.81 and a 52 week high of $30.97.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock valued at $436,455,000 after purchasing an additional 7,474,374 shares during the period. Principal Financial Group Inc. lifted its position in American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after purchasing an additional 2,747,960 shares in the last quarter. State Street Corp boosted its position in American Healthcare REIT by 221.6% during 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 during the period. Finally, FMR LLC purchased a new stake in American Healthcare REIT during the 3rd quarter valued at about $56,575,000. 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.