American Healthcare REIT (NYSE:AHR) Given New $38.00 Price Target at Truist Financial

American Healthcare REIT (NYSE:AHR) had its price target raised by stock analysts at Truist Financial from $32.00 to $38.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 7.68% from the stock’s current price.

AHR has been the subject of a number of other research reports. KeyCorp decreased their target price on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a “buy” rating and a $37.00 price target for the company. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $36.29.

American Healthcare REIT Trading Down 0.5%

AHR traded down $0.19 during trading on Monday, reaching $35.29. The company had a trading volume of 830,410 shares, compared to its average volume of 1,671,025. The stock has a market cap of $5.63 billion, a P/E ratio of -73.54, a PEG ratio of 1.57 and a beta of 1.21. American Healthcare REIT has a 52 week low of $14.32 and a 52 week high of $36.00. The business has a 50 day simple moving average of $32.26 and a 200-day simple moving average of $29.96. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, equities analysts anticipate that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors and hedge funds have recently made changes to their positions in AHR. Janney Montgomery Scott LLC increased its position in American Healthcare REIT by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock worth $395,000 after buying an additional 533 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of American Healthcare REIT by 67.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,236 shares of the company’s stock valued at $121,000 after acquiring an additional 1,699 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of American Healthcare REIT by 101.2% in the fourth quarter. State of Alaska Department of Revenue now owns 72,799 shares of the company’s stock valued at $2,068,000 after buying an additional 36,625 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of American Healthcare REIT during the fourth quarter valued at approximately $331,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in American Healthcare REIT by 15.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,895 shares of the company’s stock worth $878,000 after buying an additional 4,090 shares in the last quarter. 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.