American Healthcare REIT (NYSE:AHR) Stock Price Expected to Rise, Truist Financial Analyst Says

American Healthcare REIT (NYSE:AHR) had its price objective boosted by Truist Financial from $27.00 to $29.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

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

American Healthcare REIT Price Performance

AHR stock traded up $0.96 during midday trading on Friday, reaching $27.18. The company had a trading volume of 2,175,998 shares, compared to its average volume of 1,460,617. The firm has a 50-day moving average price of $25.35 and a 200-day moving average price of $19.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $3.58 billion and a P/E ratio of -56.63. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $27.77.

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). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The firm had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts anticipate that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

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

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Manning & Napier Advisors LLC bought a new stake in American Healthcare REIT during the 2nd quarter valued at approximately $3,317,000. Quadrature Capital Ltd bought a new position in American Healthcare REIT in the first quarter worth $914,000. Foundations Investment Advisors LLC purchased a new position in American Healthcare REIT during the third quarter valued at $568,000. Sei Investments Co. bought a new stake in shares of American Healthcare REIT during the 1st quarter valued at $2,967,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of American Healthcare REIT by 116.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,130,266 shares of the company’s stock worth $16,513,000 after buying an additional 608,656 shares during the period. Institutional investors own 16.68% of the company’s stock.

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.