American Healthcare REIT (NYSE:AHR) Sees Strong Trading Volume

Shares of American Healthcare REIT, Inc. (NYSE:AHR) saw strong trading volume on Thursday . 2,204,780 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,239,201 shares.The stock last traded at $24.70 and had previously closed at $24.53.

Analysts Set New Price Targets

AHR has been the subject of several recent analyst reports. Truist Financial increased their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities raised their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday. Bank of America increased their price objective on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. KeyCorp boosted their price objective 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. Finally, Morgan Stanley increased their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.50.

American Healthcare REIT Stock Up 2.0 %

The stock has a 50-day moving average price of $19.44 and a 200-day moving average price of $16.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last posted 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). 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 during the quarter, compared to analyst estimates of $506.55 million. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research 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 firm also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Friday, September 20th.

Institutional Investors 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 acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth $3,317,000. Quadrature Capital Ltd bought a new position in American Healthcare REIT in the 1st quarter valued at about $914,000. Centersquare Investment Management LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at approximately $63,269,000. Capstone Investment Advisors LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $1,201,000. Finally, Sei Investments Co. acquired a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $2,967,000. 16.68% of the stock is currently 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.