American Healthcare REIT price target raised to $35 from $30 at Citizens JMP

Citizens JMP raised the firm’s price target on American Healthcare REIT (AHR) to $35 from $30 and keeps an Outperform rating on the shares. American Healthcare’s Q4 core FFO miss vs. the firm’s estimate was primarily related to dispositions and ATM activity, while the integrated senior health campuses and senior housing operating property segments saw “exceptional” growth during the quarter, the analyst tells investors in a research note. American Healthcare REIT is uniquely positioned to outperform over the foreseeable future given its exposure to senior housing REIT Investment Diversification and Empowerment Act assets, which carries some of the best fundamentals in real estate, the firm says.