Royal Bank of Canada Reiterates Outperform Rating for American Healthcare REIT (NYSE:AHR)

Royal Bank of Canada reiterated their outperform rating on shares of American Healthcare REIT (NYSE:AHR) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $34.00 price objective on the stock.

Other analysts have also issued research reports about the company. Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.83.

American Healthcare REIT Trading Up 2.7 %

Shares of AHR stock opened at $30.19 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4.76 billion and a P/E ratio of -62.90. The business has a 50-day moving average price of $28.68 and a two-hundred day moving average price of $27.18. American Healthcare REIT has a 12-month low of $12.81 and a 12-month high of $30.97.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in American Healthcare REIT by 3.0% in the 4th quarter. California State Teachers Retirement System now owns 141,984 shares of the company’s stock worth $4,035,000 after acquiring an additional 4,086 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of American Healthcare REIT in the fourth quarter worth about $133,000. Employees Retirement System of Texas bought a new stake in shares of American Healthcare REIT in the fourth quarter worth about $3,837,000. Ameriflex Group Inc. purchased a new position in American Healthcare REIT during the 4th quarter valued at about $260,000. Finally, Mackenzie Financial Corp bought a new position in American Healthcare REIT during the 4th quarter valued at approximately $336,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

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.