American Healthcare REIT (NYSE:AHR) Price Target Lowered to $34.00 at KeyCorp

American Healthcare REIT (NYSE:AHR) had its price target lowered by KeyCorp from $35.00 to $34.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also commented on AHR. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $33.33.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $30.30 on Monday. The firm has a market capitalization of $4.77 billion and a PE ratio of -63.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The business’s fifty day moving average price is $29.04 and its 200 day moving average price is $27.66. American Healthcare REIT has a 12 month low of $12.81 and a 12 month high of $30.97.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.30%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Institutional Trading of American Healthcare REIT

Hedge funds have recently modified their holdings of the business. Diversify Advisory Services LLC lifted its position in shares of American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock valued at $955,000 after acquiring an additional 436 shares during the period. Benjamin Edwards Inc. grew its stake in shares of American Healthcare REIT by 3.4% during the 4th quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company’s stock valued at $396,000 after buying an additional 455 shares during the period. GAMMA Investing LLC increased its stake in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after acquiring an additional 504 shares during the last quarter. Janney Montgomery Scott LLC increased its position in American Healthcare REIT by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock worth $395,000 after purchasing an additional 533 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock worth $134,000 after acquiring an additional 591 shares in the last quarter. 16.68% of the stock is owned by institutional investors and hedge funds.

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.