American Healthcare REIT (NYSE:AHR) Stock Price Expected to Rise, KeyCorp Analyst Says

American Healthcare REIT (NYSE:AHR - Get Free Report) had its price objective boosted by equities researchers at KeyCorp from $34.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's price target points to a potential upside of 11.51% from the company's current price.

A number of other research analysts have also commented on AHR. Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Truist Financial increased their price objective on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Monday. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 target price on the stock. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $37.14.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded down $0.03 during trading hours on Wednesday, hitting $35.87. 554,842 shares of the company's stock were exchanged, compared to its average volume of 1,879,325. The company's 50-day moving average price is $32.59 and its 200-day moving average price is $30.09. American Healthcare REIT has a 1-year low of $14.32 and a 1-year high of $36.37. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of -74.73, a PEG ratio of 1.57 and a beta of 1.21. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company's quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts expect that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors have recently modified their holdings of AHR. Vanguard Group Inc. boosted its position in shares of American Healthcare REIT by 22.4% during the first quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company's stock worth $569,494,000 after buying an additional 3,437,861 shares during the period. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock valued at $374,923,000 after acquiring an additional 134,822 shares during the period. Invesco Ltd. increased its position in American Healthcare REIT by 1,543.1% during the first quarter. Invesco Ltd. now owns 5,022,455 shares of the company's stock worth $152,180,000 after buying an additional 4,716,792 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of American Healthcare REIT by 350.7% during the 1st quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company's stock worth $138,149,000 after acquiring an additional 3,547,635 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of American Healthcare REIT by 2.3% during the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock worth $122,513,000 after buying an additional 94,925 shares during the last quarter. Institutional investors own 16.68% of the company's stock.

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.