Royal Bank of Canada Issues Positive Forecast for American Healthcare REIT (NYSE:AHR) Stock Price

American Healthcare REIT (NYSE:AHR - Get Free Report) had its target price increased by analysts at Royal Bank of Canada from $28.00 to $30.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 9.29% from the company's current price.

Several other equities research analysts have also commented on the stock. JMP Securities increased their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday, September 20th. Truist Financial increased their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Friday. Morgan Stanley upped their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. KeyCorp lifted their target price 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, Bank of America increased their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $25.13.

American Healthcare REIT Stock Up 1.0 %

AHR stock traded up $0.27 during mid-day trading on Monday, reaching $27.45. 1,323,062 shares of the company traded hands, compared to its average volume of 1,459,922. The stock has a market cap of $3.61 billion and a price-to-earnings ratio of -57.19. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $27.77. The firm's 50 day moving average price is $25.35 and its 200 day moving average price is $19.43. The company has a quick ratio of 0.29, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released 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). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company had revenue of $523.81 million during the quarter, compared to analysts' expectations of $474.26 million. American Healthcare REIT's quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts predict that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On American Healthcare REIT

A number of large investors have recently added to or reduced their stakes in AHR. Mirae Asset Global Investments Co. Ltd. lifted its position in American Healthcare REIT by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock worth $66,000 after buying an additional 654 shares during the last quarter. Kozak & Associates Inc. purchased a new position in American Healthcare REIT in the 3rd quarter worth $28,000. Quarry LP bought a new stake in American Healthcare REIT in the third quarter worth $33,000. Tidemark LLC purchased a new stake in American Healthcare REIT during the third quarter valued at about $44,000. Finally, Kessler Investment Group LLC bought a new position in shares of American Healthcare REIT during the third quarter valued at about $48,000. 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.