American Healthcare REIT (NYSE:AHR) Sets New 12-Month High on Analyst Upgrade

Shares of American Healthcare REIT, Inc. (NYSE:AHR) reached a new 52-week high on Monday after Truist Financial raised their price target on the stock from $22.00 to $27.00. Truist Financial currently has a buy rating on the stock. American Healthcare REIT traded as high as $26.42 and last traded at $26.36, with a volume of 70605 shares traded. The stock had previously closed at $25.68.

AHR has been the subject of a number of other research reports. KeyCorp lifted their price target on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. JMP Securities lifted their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday. Bank of America boosted their target price on shares of American Healthcare REIT from $19.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley upped their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Institutional Trading of American Healthcare REIT

Institutional investors have recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in American Healthcare REIT in the second quarter worth about $2,246,000. The Manufacturers Life Insurance Company bought a new position in shares of American Healthcare REIT during the second quarter valued at approximately $352,000. Semmax Financial Advisors Inc. purchased a new stake in shares of American Healthcare REIT during the second quarter valued at approximately $45,000. Land & Buildings Investment Management LLC grew its holdings in shares of American Healthcare REIT by 19.3% during the second quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock valued at $26,260,000 after buying an additional 290,740 shares during the last quarter. Finally, Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT during the second quarter valued at approximately $30,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

The stock’s fifty day moving average price is $19.44 and its 200 day moving average price is $16.08. 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 issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The company had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend 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.