Truist Financial Increases American Healthcare REIT (NYSE:AHR) Price Target to $38.00

American Healthcare REIT (NYSE:AHR) had its price target raised by stock analysts at Truist Financial from $32.00 to $38.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 7.94% from the stock’s current price.

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

American Healthcare REIT Stock Up 0.0%

American Healthcare REIT stock opened at $35.21 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 has a market cap of $5.62 billion, a P/E ratio of -73.35, a P/E/G ratio of 1.57 and a beta of 1.21. American Healthcare REIT has a twelve month low of $14.32 and a twelve month high of $36.00. The business has a fifty day moving average of $32.44 and a two-hundred day moving average of $30.05.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. BROOKFIELD Corp ON boosted its holdings in American Healthcare REIT by 75.1% during the 1st quarter. BROOKFIELD Corp ON now owns 847,132 shares of the company’s stock valued at $25,668,000 after acquiring an additional 363,424 shares during the period. Militia Capital Partners LP lifted its position in shares of American Healthcare REIT by 776.5% during the 1st quarter. Militia Capital Partners LP now owns 14,900 shares of the company’s stock worth $451,000 after purchasing an additional 13,200 shares during the last quarter. Strs Ohio purchased a new stake in American Healthcare REIT during the first quarter worth approximately $12,241,000. Acadian Asset Management LLC purchased a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $185,000. Finally, Intech Investment Management LLC lifted its position in American Healthcare REIT by 110.2% in the first quarter. Intech Investment Management LLC now owns 90,725 shares of the company’s stock valued at $2,749,000 after acquiring an additional 47,570 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Company Profile

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.