American Healthcare REIT (NYSE:AHR) Price Target Raised to $37.00

American Healthcare REIT (NYSE:AHR) had its price target increased by stock analysts at Morgan Stanley from $36.00 to $37.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 21.93% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $32.17.

American Healthcare REIT Stock Down 0.3 %

NYSE:AHR traded down $0.11 during trading hours on Tuesday, hitting $30.35. The stock had a trading volume of 233,944 shares, compared to its average volume of 1,582,795. The business has a 50 day simple moving average of $28.82 and a two-hundred day simple moving average of $27.40. The company has a market cap of $4.78 billion and a PE ratio of -63.11. American Healthcare REIT has a 1-year low of $12.81 and a 1-year high of $30.97. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

Institutional Trading of American Healthcare REIT

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in American Healthcare REIT in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC grew its position in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of American Healthcare REIT in the fourth quarter worth about $29,000. Richardson Capital Management LLC acquired a new position in shares of American Healthcare REIT during the 4th quarter worth about $29,000. Finally, Quarry LP bought a new stake in American Healthcare REIT during the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds 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.