In February, American Healthcare REIT Inc (NYSE:AHR) completed its initial public offering of 64.4 million shares at $12.00 per share.
The company is a self-managed real estate investment trust (REIT) that acquires, owns, and operates a portfolio of clinical healthcare real estate properties, focusing primarily on medical office buildings, senior housing, skilled nursing facilities, hospitals, and other healthcare-related facilities.
Truist Securities initiates coverage on American Healthcare REIT with a Buy rating and a price target of $17, which implies a 32% total return.
Truist analysts anticipate strong earnings growth for the project, driven by the post-COVID fundamental recovery and the potential exercise of an option to acquire a greater stake in its leading operator.
Despite the ...