JMP Securities Increases American Healthcare REIT (NYSE:AHR) Price Target to $30.00

American Healthcare REIT (NYSE:AHR) had its price objective boosted by JMP Securities from $18.00 to $30.00 in a report issued on Friday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other equities research analysts also recently weighed in on AHR. Morgan Stanley raised their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an overweight rating in a research report on Thursday, August 22nd. Truist Financial lifted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock a buy rating in a report on Tuesday, September 3rd. KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an overweight rating in a report on Monday, September 16th. Finally, Bank of America lifted their price objective on American Healthcare REIT from $19.00 to $27.00 and gave the stock a buy rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT presently has an average rating of Moderate Buy and a consensus target price of $22.50.

American Healthcare REIT Stock Performance

NYSE AHR opened at $25.68 on Friday. The stock’s 50-day simple moving average is $19.44 and its two-hundred day simple moving average is $16.08. American Healthcare REIT has a twelve month low of $12.63 and a twelve month high of $26.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The firm had revenue of $504.60 million for the quarter, compared to analysts’ expectations of $506.55 million. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that American Healthcare REIT will post 1.28 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.89%.

Institutional Trading of American Healthcare REIT

Large investors have recently bought and sold shares of the company. 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 stake in shares of American Healthcare REIT in the 1st quarter worth approximately $914,000. Centersquare Investment Management LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter worth approximately $63,269,000. Capstone Investment Advisors LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter worth approximately $1,201,000. Finally, Sei Investments Co. bought a new stake in shares of American Healthcare REIT in the 1st quarter worth approximately $2,967,000. 16.68% of the stock is owned by 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.