American Healthcare REIT (NYSE:AHR) Price Target Raised to $31.00

American Healthcare REIT (NYSE:AHR) had its target price increased by equities research analysts at Bank of America from $27.00 to $31.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 18.23% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday. Truist Financial boosted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp boosted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Morgan Stanley boosted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Stock Up 0.7 %

American Healthcare REIT stock traded up $0.19 during midday trading on Tuesday, reaching $26.22. The stock had a trading volume of 606,630 shares, compared to its average volume of 1,408,100. American Healthcare REIT has a twelve month low of $12.63 and a twelve month high of $26.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50-day simple moving average is $19.63 and its 200 day simple moving average is $16.17.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The firm had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts forecast that American Healthcare REIT will post 1.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT in the second quarter worth about $30,000. Amalgamated Bank bought a new stake in American Healthcare REIT in the second quarter valued at about $33,000. Semmax Financial Advisors Inc. bought a new stake in American Healthcare REIT in the second quarter valued at about $45,000. CWM LLC bought a new stake in American Healthcare REIT in the second quarter valued at about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in American Healthcare REIT in the second quarter valued at about $110,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

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.