American Healthcare REIT (NYSE:AHR) Upgraded to Moderate Buy by Colliers Securities

American Healthcare REIT (NYSE:AHR) was upgraded by investment analysts at Colliers Securities from a “hold” rating to a “moderate buy” rating in a research report issued on Sunday, Zacks.com reports.

Other research analysts have also issued research reports about the stock. Truist Financial raised their price objective on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. KeyCorp raised their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. JMP Securities upped their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. Bank of America upped their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley upped their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.00.

American Healthcare REIT Stock Up 0.5 %

AHR stock opened at $24.70 on Friday. American Healthcare REIT has a 12 month low of $12.63 and a 12 month high of $26.77. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $22.31 and its 200-day simple moving average is $17.36.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that American Healthcare REIT will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in American Healthcare REIT during the first quarter worth approximately $88,504,000. Centersquare Investment Management LLC bought a new position in American Healthcare REIT during the first quarter worth $63,269,000. V3 Capital Management L.P. acquired a new position in American Healthcare REIT in the first quarter worth $42,337,000. Goldentree Asset Management LP bought a new stake in American Healthcare REIT during the first quarter valued at $22,125,000. Finally, Russell Investments Group Ltd. bought a new position in shares of American Healthcare REIT in the 1st quarter worth about $20,381,000. 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.