American Healthcare REIT (NYSE:AHR) Price Target Raised to $38.00

American Healthcare REIT (NYSE:AHR) had its price target increased by Truist Financial from $32.00 to $38.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on AHR. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp dropped their target price on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group initiated coverage on American Healthcare REIT in a report on Monday, April 28th. They issued a “buy” rating and a $37.00 price target on the stock. JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $37.14.

American Healthcare REIT Trading Up 1.6%

Shares of NYSE AHR opened at $35.82 on Monday. The stock has a market capitalization of $5.71 billion, a P/E ratio of -74.63, a PEG ratio of 1.57 and a beta of 1.21. The business’s 50 day moving average is $32.59 and its two-hundred day moving average is $30.09. American Healthcare REIT has a 1-year low of $14.32 and a 1-year high of $36.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million for the quarter, compared to analysts’ expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, research analysts expect that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Institutional Trading of American Healthcare REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new stake in American Healthcare REIT during the 1st quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock valued at $29,000 after buying an additional 633 shares during the period. Spirit of America Management Corp NY acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $30,000. Richardson Capital Management LLC acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at about $29,000. Finally, Avalon Trust Co acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

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.