American Healthcare REIT (NYSE:AHR) Price Target Raised to $29.00

American Healthcare REIT (NYSE:AHR) had its target price boosted by Truist Financial from $27.00 to $29.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on AHR. KeyCorp upped their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Morgan Stanley upped their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. JMP Securities upped their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Finally, Bank of America lifted their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

American Healthcare REIT Price Performance

NYSE AHR opened at $27.18 on Friday. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.29 and a current ratio of 0.37. The company has a market capitalization of $3.58 billion and a PE ratio of -56.63. The business’s fifty day moving average is $25.35 and its 200 day moving average is $19.39.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts predict that American Healthcare REIT will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.68%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC bought a new position in shares of American Healthcare REIT during the 2nd quarter valued at approximately $3,317,000. Quadrature Capital Ltd bought a new position in American Healthcare REIT during the first quarter valued at $914,000. Foundations Investment Advisors LLC purchased a new stake in shares of American Healthcare REIT in the third quarter valued at $568,000. Sei Investments Co. bought a new stake in shares of American Healthcare REIT in the 1st quarter worth about $2,967,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of American Healthcare REIT by 116.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,130,266 shares of the company’s stock worth $16,513,000 after purchasing an additional 608,656 shares during the period. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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.