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

American Healthcare REIT (NYSE:AHR) had its price target lifted by Truist Financial from $27.00 to $29.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on AHR. Bank of America increased their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. JMP Securities raised their price target 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. Morgan Stanley upped 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 note on Thursday, August 22nd. Finally, KeyCorp increased their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.25.

American Healthcare REIT Stock Up 3.7 %

NYSE:AHR opened at $27.18 on Friday. The stock has a fifty day simple moving average of $25.35 and a 200-day simple moving average of $19.39. The company has a current ratio of 0.37, a quick ratio of 0.29 and a debt-to-equity ratio of 0.59. The company has a market cap of $3.58 billion and a price-to-earnings ratio of -56.63. American Healthcare REIT has a twelve month low of $12.63 and a twelve month high of $27.77.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts anticipate that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

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

Institutional Trading of American Healthcare REIT

Institutional investors have recently modified their holdings of the company. Sei Investments Co. purchased a new stake in American Healthcare REIT during the first quarter valued at approximately $2,967,000. Vanguard Group Inc. acquired a new position in shares of American Healthcare REIT during the first quarter worth $16,205,000. Nicola Wealth Management LTD. purchased a new stake in shares of American Healthcare REIT during the 1st quarter valued at $1,106,000. Quadrature Capital Ltd acquired a new stake in shares of American Healthcare REIT in the 1st quarter worth $914,000. Finally, V3 Capital Management L.P. purchased a new position in American Healthcare REIT during the 1st quarter worth $42,337,000. 16.68% of the stock is currently 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.