American Healthcare REIT (NYSE:AHR) Now Covered by Analysts at BMO Capital Markets

Investment analysts at BMO Capital Markets began coverage on shares of American Healthcare REIT (NYSE:AHR) in a report issued on Thursday, MarketBeat reports. The firm set an “outperform” rating and a $55.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.46% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Scotiabank upped their price objective on shares of American Healthcare REIT from $47.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Jefferies Financial Group reiterated a “buy” rating on shares of American Healthcare REIT in a research report on Monday, December 15th. KeyCorp upped their price objective on shares of American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Citizens Jmp boosted their target price on American Healthcare REIT from $50.00 to $60.00 and gave the stock a “market outperform” rating in a report on Monday, November 10th. Finally, Truist Financial lowered their price objective on American Healthcare REIT from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.83.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $47.23 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 337.32, a PEG ratio of 1.76 and a beta of 1.02. The firm’s 50 day simple moving average is $48.08 and its 200-day simple moving average is $44.32. American Healthcare REIT has a 12 month low of $26.48 and a 12 month high of $51.01.

Insider Buying and Selling at American Healthcare REIT

In other American Healthcare REIT news, EVP Mark E. Foster sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total value of $74,025.00. Following the transaction, the executive vice president owned 57,600 shares of the company’s stock, valued at $2,842,560. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey T. Hanson sold 35,570 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $48.38, for a total transaction of $1,720,876.60. Following the transaction, the director directly owned 19,208 shares of the company’s stock, valued at approximately $929,283.04. This trade represents a 64.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 76,288 shares of company stock worth $3,718,666. Corporate insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in American Healthcare REIT by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 24,974,195 shares of the company’s stock valued at $1,175,286,000 after purchasing an additional 1,444,456 shares during the last quarter. State Street Corp grew its stake in shares of American Healthcare REIT by 6.5% in the second quarter. State Street Corp now owns 6,902,944 shares of the company’s stock valued at $255,289,000 after buying an additional 422,931 shares in the last quarter. Invesco Ltd. raised its holdings in shares of American Healthcare REIT by 15.9% in the 2nd quarter. Invesco Ltd. now owns 5,820,530 shares of the company’s stock valued at $213,846,000 after buying an additional 798,075 shares during the period. Alliancebernstein L.P. lifted its stake in American Healthcare REIT by 16.7% during the 2nd quarter. Alliancebernstein L.P. now owns 5,318,866 shares of the company’s stock worth $195,415,000 after acquiring an additional 759,501 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in American Healthcare REIT by 20.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,578,867 shares of the company’s stock valued at $174,882,000 after acquiring an additional 779,109 shares during the period. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Company Profile

American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare?related properties across the United States. The company’s portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long?term net lease or triple?net lease structures designed to provide stable, predictable rental income.

Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high?growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.