American Healthcare REIT, Inc. (NYSE:AHR) Receives $25.13 Consensus Target Price from Analysts

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.13.

A number of research analysts recently commented on AHR shares. Bank of America increased their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th.

Institutional Trading of American Healthcare REIT

Several hedge funds and other institutional investors have recently made changes to their positions in AHR. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth $28,000. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT during the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $33,000. Finally, Quarry LP purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of AHR opened at $28.55 on Wednesday. The stock has a 50-day simple moving average of $26.54 and a 200-day simple moving average of $20.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $29.99. The stock has a market capitalization of $4.37 billion and a PE ratio of -59.48.

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 the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company’s revenue was up 12.8% on a year-over-year basis. On average, analysts predict that American Healthcare REIT will post 1.42 earnings per share for the current fiscal year.

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.