On Monday, BofA Securities began coverage on American Healthcare REIT, Inc. (NYSE:AHR), assigning the stock a Buy rating and setting a price target of $15.00.
The move reflects the firm's positive outlook on the company's diversified healthcare real estate portfolio, which is heavily weighted toward senior housing and skilled nursing facilities.
"We think the company stands to benefit from senior housing population trends," said BofA.
American Healthcare REIT's stock performance may be influenced by the favorable demographic trends in senior housing. The company's strategic focus on this sector aligns with the growing demand for such facilities, a trend that is expected to persist as the population ages.
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