American Healthcare REIT (NYSE:AHR) Price Target Raised to $30.00

American Healthcare REIT (NYSE:AHR) had its price target increased by Royal Bank of Canada from $28.00 to $30.00 in a research report report published on Monday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on AHR. Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday. Bank of America boosted 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. Morgan Stanley increased their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp boosted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.13.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $27.45 on Monday. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $27.77. The business’s 50 day moving average price is $25.35 and its 200 day moving average price is $19.43. The company has a quick ratio of 0.29, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.61 billion and a P/E ratio of -57.19.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business 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%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts expect that American Healthcare REIT will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

Institutional Trading of American Healthcare REIT

A number of large investors have recently modified their holdings of AHR. Wellington Management Group LLP grew its holdings in American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after buying an additional 3,330,714 shares in the last quarter. State Street Corp boosted its position in shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the period. V3 Capital Management L.P. acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $42,337,000. Finally, Geode Capital Management LLC grew its position in American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after purchasing an additional 1,094,296 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

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.