BMO Capital Markets Begins Coverage on American Healthcare REIT (NYSE:AHR)

Stock analysts at BMO Capital Markets initiated coverage on shares of American Healthcare REIT (NYSE:AHR) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $55.00 price target on the stock. BMO Capital Markets’ price objective indicates a potential upside of 16.46% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of American Healthcare REIT in a report on Wednesday, January 21st. Jefferies Financial Group reiterated a “buy” rating on shares of American Healthcare REIT in a report on Monday, December 15th. Scotiabank boosted their price target on American Healthcare REIT from $47.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Zacks Research downgraded American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Truist Financial cut their target price on American Healthcare REIT from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Healthcare REIT has an average rating of “Moderate Buy” and an average target price of $51.83.

American Healthcare REIT Stock Up 1.9%

NYSE:AHR opened at $47.23 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. American Healthcare REIT has a 1-year low of $26.48 and a 1-year high of $51.01. The company has a 50-day moving average of $48.08 and a 200 day moving average of $44.32. The firm has a market cap of $8.35 billion, a PE ratio of 337.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02.

Insider Buying and Selling

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 35,570 shares of American Healthcare REIT stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $48.38, for a total transaction of $1,720,876.60. Following the completion of the sale, the director owned 19,208 shares of the company’s stock, valued at approximately $929,283.04. The trade was a 64.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark E. Foster sold 1,500 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total value of $74,025.00. Following the completion of the transaction, the executive vice president directly owned 57,600 shares in the company, valued at $2,842,560. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,288 shares of company stock worth $3,718,666 in the last 90 days. 0.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Healthcare REIT

A number of large investors have recently bought and sold shares of the company. M&T Bank Corp acquired a new position in American Healthcare REIT in the 4th quarter worth approximately $840,000. Renaissance Capital LLC acquired a new stake in shares of American Healthcare REIT in the fourth quarter worth $4,718,000. Pictet Asset Management Holding SA increased its stake in shares of American Healthcare REIT by 12.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 24,321 shares of the company’s stock worth $1,145,000 after acquiring an additional 2,763 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of American Healthcare REIT by 6.8% during the fourth quarter. Sanctuary Advisors LLC now owns 5,698 shares of the company’s stock worth $268,000 after purchasing an additional 363 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in American Healthcare REIT by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 24,974,195 shares of the company’s stock valued at $1,175,286,000 after purchasing an additional 1,444,456 shares during the period. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Company Profile

American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare‐related properties across the United States. The company’s portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long‐term net lease or triple‐net lease structures designed to provide stable, predictable rental income.

Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high‐growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.