American Healthcare REIT (NYSE:AHR) Price Target Raised to $54.00 at Royal Bank Of Canada

American Healthcare REIT (NYSE:AHR) had its price target lifted by investment analysts at Royal Bank Of Canada from $45.00 to $54.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 9.98% from the company’s current price.

A number of other brokerages also recently weighed in on AHR. JMP Securities boosted their price target on shares of American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a report on Friday, October 17th. Scotiabank reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a report on Friday, October 17th. KeyCorp restated an “overweight” rating on shares of American Healthcare REIT in a research note on Friday. Finally, Zacks Research upgraded shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, American Healthcare REIT has a consensus rating of “Buy” and a consensus target price of $47.40.

American Healthcare REIT Stock Down 0.1%

Shares of AHR traded down $0.07 during trading hours on Wednesday, reaching $49.10. 19,875 shares of the stock traded hands, compared to its average volume of 1,598,426. American Healthcare REIT has a 52 week low of $26.11 and a 52 week high of $50.51. The company has a current ratio of 0.44, a quick ratio of 0.48 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $43.24 and a 200 day simple moving average of $39.16. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 350.43, a PEG ratio of 2.43 and a beta of 0.98.

Insider Buying and Selling at American Healthcare REIT

In other news, EVP Mark E. Foster sold 3,850 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total transaction of $161,276.50. Following the completion of the transaction, the executive vice president directly owned 59,100 shares in the company, valued at $2,475,699. The trade was a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey T. Hanson sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $49.68, for a total transaction of $994,096.80. Following the completion of the sale, the director directly owned 21,798 shares in the company, valued at $1,082,924.64. This represents a 47.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Healthcare REIT

Large investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. lifted its stake in American Healthcare REIT by 83.1% in the third quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of American Healthcare REIT in the third quarter worth about $28,000. Darwin Wealth Management LLC bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $31,000. Total Investment Management Inc. bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in American Healthcare REIT during the 2nd quarter valued at about $34,000. 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.