tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

American Healthcare REIT price target raised to $29 from $27 at Truist

Truist raised the firm’s price target on American Healthcare REIT (AHR) to $29 from $27 and keeps a Buy rating on the shares. The REIT saw much stronger Q3 results and FY24 guidance than anticipated, and while the stock is up 123% since its IPO vs. 13% for the VNQ, there is additional upside potential, the analyst tells investors in a research note. Truist adds it is projecting the strongest three- and five-year earnings growth rate for American Healthcare in its healthcare REIT coverage universe.

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>>

Disclaimer & DisclosureReport an Issue

1