American Healthcare REIT, Inc.’s (NYSE:AHR) Quiet Period Will Expire on March 18th

American Healthcare REIT’s (NYSE:AHRGet Free Report) quiet period will expire on Monday, March 18th. American Healthcare REIT had issued 56,000,000 shares in its initial public offering on February 7th. The total size of the offering was $672,000,000 based on an initial share price of $12.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

AHR has been the topic of several research analyst reports. Royal Bank of Canada started coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They issued an “outperform” rating and a $15.00 price objective on the stock. Truist Financial started coverage on American Healthcare REIT in a research report on Monday, March 4th. They issued a “buy” rating and a $17.00 target price on the stock. Morgan Stanley began coverage on American Healthcare REIT in a report on Monday, March 4th. They set an “overweight” rating and a $17.00 price target for the company. Bank of America initiated coverage on American Healthcare REIT in a report on Monday, March 4th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Citigroup assumed coverage on American Healthcare REIT in a report on Monday, March 4th. They set a “neutral” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Read Our Latest Stock Report on AHR

American Healthcare REIT Price Performance

NYSE:AHR opened at $13.59 on Monday. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $14.56.

Insider Buying and Selling

In other news, Director Mathieu B. Streiff bought 83,333 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $12.00 per share, with a total value of $999,996.00. Following the acquisition, the director now directly owns 90,740 shares in the company, valued at $1,088,880. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

American Healthcare REIT Company Profile

(Get Free Report)

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.

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