American Healthcare REIT (NYSE:AHR) Shares Gap Up Following Analyst Upgrade

American Healthcare REIT, Inc. (NYSE:AHR) gapped up before the market opened on Friday after Truist Financial raised their price target on the stock from $22.00 to $27.00. The stock had previously closed at $25.16, but opened at $25.90. Truist Financial currently has a buy rating on the stock. American Healthcare REIT shares last traded at $25.96, with a volume of 561,788 shares traded.

Several other brokerages also recently weighed in on AHR. Morgan Stanley boosted their price objective 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. KeyCorp boosted 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. Bank of America raised 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. Finally, 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 report on Friday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Institutional Inflows and Outflows

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

American Healthcare REIT Trading Up 2.0 %

The stock has a 50 day moving average of $19.44 and a two-hundred day moving average of $16.05. The company has a quick ratio of 0.29, a current 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 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). The company had revenue of $504.60 million for the quarter, compared to analysts’ expectations of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.89%.

About American Healthcare REIT

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.