American Healthcare REIT (NYSE:AHR) Shares Gap Up Following Analyst Upgrade

American Healthcare REIT, Inc. (NYSE:AHR) shares gapped up before the market opened on Friday after JMP Securities raised their price target on the stock from $18.00 to $30.00. The stock had previously closed at $25.16, but opened at $25.90. JMP Securities currently has a market outperform rating on the stock. American Healthcare REIT shares last traded at $25.96, with a volume of 561,788 shares changing hands.

Other equities analysts also recently issued reports about the company. Bank of America increased their target price on American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley raised their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial upped their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, KeyCorp increased their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.88.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kiely Wealth Advisory Group Inc. purchased a new position in American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT during the second quarter worth approximately $33,000. Semmax Financial Advisors Inc. bought a new stake in shares of American Healthcare REIT in the second quarter worth $45,000. CWM LLC acquired a new stake in American Healthcare REIT in the second quarter valued at $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in American Healthcare REIT during the 2nd quarter valued at $110,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 1.7 %

The company’s fifty day simple moving average is $19.24 and its two-hundred day simple moving average is $15.97. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. American Healthcare REIT’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Friday, September 20th.

American Healthcare REIT Company Profile

Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value.