Morgan Stanley Forecasts Strong Price Appreciation for American Healthcare REIT (NYSE:AHR) Stock

American Healthcare REIT (NYSE:AHR) had its target price upped by investment analysts at Morgan Stanley from $27.00 to $29.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 3.57% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Truist Financial raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. JMP Securities upped their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Finally, Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Stock Performance

AHR traded down $0.48 during trading hours on Monday, hitting $28.00. The company’s stock had a trading volume of 338,372 shares, compared to its average volume of 1,587,852. The company has a 50-day simple moving average of $27.48 and a 200 day simple moving average of $22.41. The firm has a market capitalization of $4.29 billion and a PE ratio of -58.33. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $29.99.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts expect that American Healthcare REIT will post 1.42 EPS for the current year.

Institutional Trading of American Healthcare REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in American Healthcare REIT by 15.9% in the third quarter. JPMorgan Chase & Co. now owns 917,636 shares of the company’s stock valued at $23,950,000 after acquiring an additional 125,641 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares during the period. Franklin Resources Inc. lifted its stake in American Healthcare REIT by 13.7% in the 3rd quarter. Franklin Resources Inc. now owns 167,185 shares of the company’s stock worth $4,129,000 after purchasing an additional 20,174 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Healthcare REIT in the third quarter worth $28,000. Finally, World Investment Advisors LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at about $946,000. 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.