KeyCorp Has Lowered Expectations for American Healthcare REIT (NYSE:AHR) Stock Price

American Healthcare REIT (NYSE:AHR) had its price objective cut by equities researchers at KeyCorp from $35.00 to $34.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 10.66% from the company’s previous close.

A number of other analysts have also recently weighed in on AHR. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Morgan Stanley boosted their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $33.33.

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $30.73 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $29.10 and its two-hundred day moving average price is $27.71. American Healthcare REIT has a 52-week low of $12.81 and a 52-week high of $31.04. The stock has a market capitalization of $4.84 billion and a P/E ratio of -64.01.

Institutional Trading of American Healthcare REIT

Several institutional investors have recently made changes to their positions in AHR. MassMutual Private Wealth & Trust FSB lifted its position in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after buying an additional 633 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of American Healthcare REIT by 3.0% in the fourth quarter. California State Teachers Retirement System now owns 141,984 shares of the company’s stock worth $4,035,000 after acquiring an additional 4,086 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of American Healthcare REIT during the fourth quarter worth $133,000. Employees Retirement System of Texas acquired a new stake in American Healthcare REIT during the fourth quarter valued at $3,837,000. Finally, Ameriflex Group Inc. purchased a new position in American Healthcare REIT in the fourth quarter valued at about $260,000. 16.68% of the stock is currently 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.