Truist Financial Forecasts Strong Price Appreciation for American Healthcare REIT (NYSE:AHR) Stock

Key Points

• Truist Financial has raised its price target for American Healthcare REIT (NYSE:AHR) from $44.00 to $46.00, suggesting a potential upside of 7.83% based on current stock prices.
• The stock received a range of positive ratings from various firms, with an average target price of $41.33 and a majority of analysts rating it as a "buy."
• American Healthcare REIT reported a 7.5% increase in quarterly revenue year-over-year, with an EPS of $0.42, exceeding analyst estimates.

American Healthcare REIT (NYSE:AHR - Get Free Report) had its price target lifted by Truist Financial from $44.00 to $46.00 in a research report issued on Tuesday, Marketbeat reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target would suggest a potential upside of 7.83% from the company's current price.

AHR has been the topic of several other research reports. Robert W. Baird assumed coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price target on the stock. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank assumed 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 on the stock. Morgan Stanley lifted 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. Finally, JMP Securities lifted their price target on shares of American Healthcare REIT from $40.00 to $45.00 and gave the company a "market outperform" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $41.33.

American Healthcare REIT Trading Up 0.4%

Shares of NYSE AHR traded up $0.1590 on Tuesday, reaching $42.6590. 80,266 shares of the company traded hands, compared to its average volume of 1,634,182. American Healthcare REIT has a fifty-two week low of $20.15 and a fifty-two week high of $43.14. The company has a 50 day moving average of $38.19 and a 200 day moving average of $33.67. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.19 billion, a PE ratio of -193.59, a P/E/G ratio of 2.17 and a beta of 1.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The company had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. During the same quarter in the prior year, the company posted $0.33 EPS. The company's quarterly revenue was up 7.5% compared to the same quarter last year. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, equities research analysts forecast that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

Institutional Trading of American Healthcare REIT

Institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC acquired a new stake in American Healthcare REIT in the first quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in American Healthcare REIT by 189.0% in the first 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 acquired a new stake in American Healthcare REIT in the first quarter valued at $30,000. Darwin Wealth Management LLC acquired a new stake in American Healthcare REIT in the second quarter valued at $31,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in American Healthcare REIT in the second quarter valued at $34,000. 16.68% of the stock is 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.

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