American Healthcare REIT (NYSE:AHR) Price Target Raised to $55.00

American Healthcare REIT (NYSE:AHR) had its price target upped by equities research analysts at KeyCorp from $43.00 to $55.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 14.71% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Robert W. Baird initiated coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They issued an “outperform” rating and a $41.00 price target on the stock. Baird R W upgraded American Healthcare REIT to a “strong-buy” rating in a report on Thursday, July 17th. Citizens Jmp raised their price target on shares of American Healthcare REIT from $50.00 to $60.00 and gave the company a “market outperform” rating in a report on Monday. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research report on Friday, October 17th. Finally, Zacks Research raised shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $48.60.

American Healthcare REIT Trading Up 0.2%

Shares of NYSE AHR traded up $0.08 during trading on Thursday, hitting $47.95. 510,221 shares of the company traded hands, compared to its average volume of 1,602,195. The firm has a market capitalization of $8.08 billion, a P/E ratio of 342.61, a P/E/G ratio of 2.43 and a beta of 0.98. The company has a quick ratio of 0.48, a current ratio of 0.44 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $43.35 and a 200-day moving average price of $39.22. American Healthcare REIT has a 1 year low of $26.11 and a 1 year high of $50.51.

Insider Buying and Selling

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 20,010 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $49.68, for a total value of $994,096.80. Following the sale, the director directly owned 21,798 shares in the company, valued at approximately $1,082,924.64. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark E. Foster sold 3,850 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total transaction of $161,276.50. Following the sale, the executive vice president directly owned 59,100 shares of the company’s stock, valued at $2,475,699. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,360 shares of company stock worth $1,229,398 in the last quarter. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth about $207,000. Charles Schwab Investment Management Inc. grew its stake in American Healthcare REIT by 4.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company’s stock worth $67,722,000 after buying an additional 89,926 shares during the last quarter. Beacon Financial Advisory LLC acquired a new stake in shares of American Healthcare REIT during the second quarter worth approximately $230,000. Intech Investment Management LLC raised its stake in shares of 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. Finally, HMS Capital Management LLC acquired a new position in shares of American Healthcare REIT in the 2nd quarter worth approximately $430,000. 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.