American Healthcare REIT (NYSE:AHR) Price Target Cut to $34.00 by Analysts at KeyCorp

American Healthcare REIT (NYSE:AHR) had its price target decreased by stock analysts at KeyCorp from $35.00 to $34.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 12.28% from the stock’s current price.

A number of other equities analysts have also recently issued reports on AHR. Morgan Stanley upped their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT has an average rating of “Buy” and an average target price of $33.33.

American Healthcare REIT Stock Up 0.3 %

NYSE:AHR traded up $0.10 during trading hours on Monday, reaching $30.28. 180,564 shares of the company traded hands, compared to its average volume of 1,702,827. American Healthcare REIT has a 1 year low of $12.81 and a 1 year high of $30.97. The stock has a market capitalization of $4.77 billion and a P/E ratio of -62.95. The business’s 50-day moving average price is $28.99 and its two-hundred day moving average price is $27.62. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings 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 in the last quarter. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT in the 4th quarter worth about $29,000. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT in the 3rd quarter valued at about $28,000. Finally, Quarry LP purchased a new position in American Healthcare REIT in the third quarter worth about $33,000. Hedge funds and other 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.