Truist Financial Raises American Healthcare REIT (NYSE:AHR) Price Target to $29.00

American Healthcare REIT (NYSE:AHR) had its price objective raised by equities researchers at Truist Financial from $27.00 to $29.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 8.86% from the stock’s current price.

AHR has been the subject of a number of other reports. JMP Securities raised their price objective on 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. Bank of America raised their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. KeyCorp upped their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Finally, Morgan Stanley boosted 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average target price of $23.25.

American Healthcare REIT Trading Up 1.6 %

NYSE:AHR traded up $0.42 during mid-day trading on Friday, hitting $26.64. 116,823 shares of the company’s stock were exchanged, compared to its average volume of 1,449,861. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $27.77. The company has a 50 day simple moving average of $25.16 and a 200-day simple moving average of $19.21. The firm has a market capitalization of $3.51 billion and a P/E ratio of -55.23.

American Healthcare REIT (NYSE:AHR) last issued 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). The business 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 1.96% and a negative net margin of 1.84%. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that American Healthcare REIT will post 1.41 earnings per share for the current year.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors have recently modified their holdings of AHR. Centiva Capital LP acquired a new position in shares of American Healthcare REIT during the third quarter valued at about $535,000. Benjamin Edwards Inc. acquired a new position in American Healthcare REIT during the 3rd quarter valued at about $351,000. Atom Investors LP bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $2,041,000. Verition Fund Management LLC raised its stake in shares of American Healthcare REIT by 56.8% in the third quarter. Verition Fund Management LLC now owns 237,914 shares of the company’s stock worth $6,210,000 after purchasing an additional 86,230 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $753,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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.