KeyBanc raised the firm’s price target on American Healthcare REIT to $28 from $27 and keeps an Overweight rating on the shares. American Healthcare REIT priced an upsized, follow-on common equity offering to fund a purchase option for the remaining 24% in Integrated Senior Health Campus operator, Trilogy, and to repay debt, the analyst tells investors in a research note. The firm believes management can explore other external growth opportunities that could further enhance growth and diversify its portfolio.
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