American Healthcare REIT (NYSE:AHR) Given New $45.00 Price Target at JMP Securities

Key Points

• American Healthcare REIT has seen its price target increased from $40.00 to $45.00 by JMP Securities, indicating a potential upside of 11.05% from its previous close.
• Following recent quarterly earnings, the company reported $0.42 earnings per share, surpassing analyst expectations, with revenues reaching $542.50 million, a 7.5% year-over-year increase.
• There is a positive sentiment among analysts, with ten analysts rating it as a buy and a current average target price of $39.22.

American Healthcare REIT (NYSE:AHR - Get Free Report) had its price objective increased by equities researchers at JMP Securities from $40.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' price objective indicates a potential upside of 11.05% from the company's previous close.

A number of other brokerages have also issued reports on AHR. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Scotiabank began coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price target for the company. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Truist Financial upped their price objective on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, KeyCorp increased their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $39.22.

American Healthcare REIT Trading Up 1.7%

Shares of AHR opened at $40.52 on Monday. The company's fifty day moving average is $36.87 and its 200 day moving average is $32.73. American Healthcare REIT has a fifty-two week low of $16.41 and a fifty-two week high of $41.50. The stock has a market capitalization of $6.46 billion, a PE ratio of -184.19, a P/E/G ratio of 2.25 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.46%. The company had revenue of $542.50 million for the quarter, compared to analysts' expectations of $539.49 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. American Healthcare REIT's quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts expect that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of American Healthcare REIT

Several hedge funds have recently made changes to their positions in the stock. Wolff Wiese Magana LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after acquiring an additional 633 shares in the last quarter. Spirit of America Management Corp NY bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $30,000. Physician Wealth Advisors Inc. bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $34,000. Finally, Avalon Trust Co bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $36,000. 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.

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