American Healthcare REIT (NYSE:AHR) Earns Sector Outperform Rating from Analysts at Scotiabank

Equities research analysts at Scotiabank initiated coverage on shares of American Healthcare REIT (NYSE:AHR - Get Free Report) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The firm set a "sector outperform" rating and a $42.00 price target on the stock. Scotiabank's price objective indicates a potential upside of 16.57% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Truist Financial raised their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. KeyCorp increased their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $37.75.

American Healthcare REIT Stock Performance

AHR opened at $36.03 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of -133.44, a P/E/G ratio of 2.03 and a beta of 1.22. The business's 50-day moving average price is $34.19 and its two-hundred day moving average price is $30.70. American Healthcare REIT has a 1 year low of $14.41 and a 1 year high of $36.96.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The company's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Equities analysts expect that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp lifted its stake in American Healthcare REIT by 16.5% in the 4th quarter. Truist Financial Corp now owns 14,229 shares of the company's stock worth $404,000 after purchasing an additional 2,019 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of American Healthcare REIT by 58.6% in the fourth quarter. New York State Common Retirement Fund now owns 34,100 shares of the company's stock worth $969,000 after purchasing an additional 12,600 shares during the period. IFP Advisors Inc raised its position in shares of American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock worth $134,000 after buying an additional 591 shares in the last quarter. Bank of New York Mellon Corp grew its position in American Healthcare REIT by 139.7% during the fourth quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company's stock worth $20,714,000 after buying an additional 424,773 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of American Healthcare REIT by 130.4% in the fourth quarter. Amalgamated Bank now owns 5,185 shares of the company's stock worth $147,000 after purchasing an additional 2,935 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.