Citigroup Forecasts Strong Price Appreciation for American Healthcare REIT (NYSE:AHR) Stock

American Healthcare REIT (NYSE:AHR) had its price target hoisted by stock analysts at Citigroup from $65.00 to $67.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s price objective suggests a potential upside of 13.32% from the stock’s current price.

AHR has been the subject of several other reports. UBS Group lowered their price objective on shares of American Healthcare REIT from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Truist Financial increased their target price on American Healthcare REIT from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings cut American Healthcare REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Barclays reduced their target price on American Healthcare REIT from $66.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, Zacks Research raised American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $63.31.

American Healthcare REIT Trading Up 0.3%

Shares of AHR traded up $0.16 during mid-day trading on Tuesday, hitting $59.12. The company had a trading volume of 1,412,225 shares, compared to its average volume of 3,000,163. American Healthcare REIT has a 1-year low of $44.81 and a 1-year high of $59.53. The business’s 50-day simple moving average is $53.15 and its 200-day simple moving average is $51.70. The stock has a market cap of $12.89 billion, a PE ratio of 120.78, a P/E/G ratio of 1.38 and a beta of 0.78. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.24.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $742.15 million during the quarter, compared to analyst estimates of $703.51 million. American Healthcare REIT had a net margin of 4.84% and a return on equity of 3.63%. American Healthcare REIT’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Sell-side analysts forecast that American Healthcare REIT will post 2.19 earnings per share for the current year.

Insider Transactions at American Healthcare REIT

In other news, EVP Mark Foster sold 1,500 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $52.06, for a total value of $78,090.00. Following the completion of the sale, the executive vice president owned 50,117 shares of the company’s stock, valued at $2,609,091.02. This represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Healthcare REIT

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC boosted its position in American Healthcare REIT by 36.4% during the 3rd quarter. Voya Investment Management LLC now owns 1,356,055 shares of the company’s stock worth $69,511,000 after purchasing an additional 362,130 shares during the period. Global Retirement Partners LLC lifted its stake in shares of American Healthcare REIT by 19.5% during the third quarter. Global Retirement Partners LLC now owns 3,058 shares of the company’s stock worth $157,000 after purchasing an additional 498 shares in the last quarter. Cibc World Market Inc. acquired a new position in shares of American Healthcare REIT during the third quarter worth about $369,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of American Healthcare REIT by 6.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 117,439 shares of the company’s stock worth $6,020,000 after buying an additional 7,206 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of American Healthcare REIT by 1.6% in the third quarter. HighTower Advisors LLC now owns 129,445 shares of the company’s stock worth $6,635,000 after buying an additional 2,016 shares during the period. Institutional investors and hedge funds own 16.68% of the company’s stock.

About American Healthcare REIT

American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses. The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care. American Healthcare REIT began trading on the New York Stock Exchange in 2024.