American Healthcare REIT (NYSE:AHR) Price Target Raised to $67.00

American Healthcare REIT (NYSE:AHR) had its target price increased by Citigroup from $65.00 to $67.00 in a research note published on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Truist Financial increased their price objective on shares of American Healthcare REIT from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Barclays decreased their target price on American Healthcare REIT from $66.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. KeyCorp lifted their target price on American Healthcare REIT from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $72.00 target price on shares of American Healthcare REIT in a report on Tuesday. Finally, Weiss Ratings cut American Healthcare REIT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $64.00.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $58.62 on Tuesday. The company has a market cap of $12.78 billion, a PE ratio of 28.48, a P/E/G ratio of 1.40 and a beta of 0.78. The company has a fifty day moving average price of $53.34 and a two-hundred day moving average price of $51.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.53 and a quick ratio of 0.48. American Healthcare REIT has a 12 month low of $44.81 and a 12 month high of $59.54.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Thursday, November 5th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. American Healthcare REIT had a net margin of 3.61% and a return on equity of 2.38%. The company had revenue of $742.15 million for the quarter, compared to analysts’ expectations of $703.51 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 29.5% compared to the same quarter last year. Research analysts expect that American Healthcare REIT will post 2.25 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 16th. Shareholders of record on Wednesday, September 30th were given a $0.25 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 annualized dividend and a yield of 1.7%. American Healthcare REIT’s payout ratio is 204.08%.

Insider Transactions at American Healthcare REIT

In related news, EVP Mark E. Foster sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $52.06, for a total value of $78,090.00. Following the sale, the executive vice president directly owned 50,117 shares in the company, valued at $2,609,091.02. The trade was a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Scott A. Estes sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $59.32, for a total transaction of $148,300.00. Following the completion of the sale, the director owned 18,989 shares in the company, valued at $1,126,427.48. The trade was a 11.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,000 shares of company stock valued at $337,170 over the last three months. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Greenland Capital Management LP lifted its stake in American Healthcare REIT by 94.7% during the second quarter. Greenland Capital Management LP now owns 185,000 shares of the company’s stock valued at $9,648,000 after buying an additional 90,000 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of American Healthcare REIT in the second quarter worth about $1,377,000. Wellington Management Group LLP boosted its holdings in shares of American Healthcare REIT by 4.5% in the second quarter. Wellington Management Group LLP now owns 8,658,850 shares of the company’s stock worth $451,559,000 after buying an additional 375,063 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of American Healthcare REIT by 25.6% in the third quarter. TD Waterhouse Canada Inc. now owns 291,978 shares of the company’s stock worth $14,807,000 after acquiring an additional 59,425 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of American Healthcare REIT in the first quarter worth approximately $1,377,000. Institutional investors own 16.68% of the company’s stock.

About American Healthcare REIT

American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses. The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care. American Healthcare REIT began trading on the New York Stock Exchange in 2024.