The price of American Healthcare REIT Inc (NYSE:AHR) shares last traded on Wall Street rose 1.98% to $27.75.
AHR stock price is now 2.62% away from the 50-day moving average and 42.35% away from the 200-day moving average. The market capitalization of the company currently stands at $4.43B.
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With the price target of $18, Barclays recently initiated with Overweight rating for American Healthcare REIT Inc (NYSE: AHR). On March 04, 2024, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $17, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, Hanson Jeffrey T, Non-Executive Chairman sold 1 shares of the company’s stock on Aug 05 ’24. The stock was sold for $16 at an average price of $15.57. Upon completion of the transaction, the Non-Executive Chairman now directly owns 35,156 shares in the company, valued at $0.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, CEO & President Prosky Danny bought 25,000 shares of the business’s stock. A total of $355,000 was incurred on buying the stock at an average price of $14.20. This leaves the insider owning 108,333 shares of the company worth $3.01 million. A total of 0.94% of the company’s stock is owned by insiders.
During the past 12 months, American Healthcare REIT Inc has had a low of $12.63 and a high of $29.99. The fifty day moving average price for AHR is $27.0422 and a two-hundred day moving average price translates $19.494 for the stock.
The latest earnings results from American Healthcare REIT Inc (NYSE: AHR) was released for 2024-09-30. The net profit margin was -1.70% and return on equity was -1.90% for AHR. The company reported revenue of $523.81 million for the quarter, compared to $464.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.83 percent.
