Morgan Stanley Boosts American Healthcare REIT (NYSE:AHR) Price Target to $37.00

American Healthcare REIT (NYSE:AHR) had its price objective hoisted by Morgan Stanley from $36.00 to $37.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 21.93% from the stock’s current price.

A number of other brokerages have also weighed in on AHR. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of “Buy” and a consensus target price of $32.17.

American Healthcare REIT Stock Down 0.3 %

Shares of American Healthcare REIT stock traded down $0.11 on Tuesday, reaching $30.35. The stock had a trading volume of 233,944 shares, compared to its average volume of 1,582,795. American Healthcare REIT has a 1 year low of $12.81 and a 1 year high of $30.97. The company has a 50 day moving average price of $28.82 and a 200 day moving average price of $27.40. 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 stock has a market capitalization of $4.78 billion and a P/E ratio of -63.11.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of American Healthcare REIT by 94.8% in the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock valued at $436,455,000 after purchasing an additional 7,474,374 shares during the period. Principal Financial Group Inc. grew its stake in shares of American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Wellington Management Group LLP raised its position in American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after buying an additional 2,747,960 shares during the last quarter. State Street Corp boosted its position in shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after buying an additional 2,538,177 shares in the last quarter. Finally, FMR LLC acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $56,575,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Company Profile

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.