Morgan Stanley Starts American Healthcare REIT, Inc (AHR) at Overweight

Morgan Stanley analyst Ronald Kamdem initiates coverage on American Healthcare REIT, Inc (NYSE: AHR) with a Overweight rating and a price target of $17.00.

The analyst comments "We view AHR as primarily as a SNF in a RIDEA structure, plus exposure to a compelling SHOP business with leased segments that provide stable and defensive growth. We see a compelling demographic story for the whole business, and limited new supply for ISHC and SHOP. While dividend coverage and leverage levels are certainly worth keeping a close eye on, strong earnings growth at a undemanding valuation makes us constructive."

For an analyst ratings summary and ratings history on American Healthcare REIT, Inc click here. For more ratings news on American Healthcare REIT, Inc click here.

Shares of American Healthcare REIT, Inc closed at $13.68 yesterday.

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