JMP Securities raised the firm’s price target on American Healthcare REIT to $30 from $18 and keeps an Outperform rating on the shares. American Healthcare REIT on Thursday completed an equity offering totaling $450M that provides multiple benefits, which the firm views as extremely positive coming off its IPO earlier this year, the analyst tells investors in a research note. The company now has an improved growth profile, lower-risk capital structure, improved stock liquidity, and a management team that demonstrated restraint to raise equity at the right time, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AHR:
- American Healthcare REIT 17.4M share Spot Secondary priced at $23.55
- American Healthcare REIT announces offering of 14.5M shares of common stock
- American Healthcare REIT price target raised to $27 from $16 at KeyBanc
- American Healthcare REIT Announces Q3 Cash Distribution
- American Healthcare REIT Declares Third Quarter 2024 Distribution