American Healthcare REIT (NYSE:AHR) Price Target Raised to $29.00

American Healthcare REIT (NYSE:AHR) had its price objective raised by Morgan Stanley from $27.00 to $29.00 in a report issued on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities research analysts have also commented on the stock. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. KeyCorp raised their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. JMP Securities upped their target price 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. Finally, Truist Financial raised their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

American Healthcare REIT Trading Up 0.3 %

Shares of American Healthcare REIT stock opened at $28.42 on Monday. The company has a 50-day moving average of $27.68 and a two-hundred day moving average of $22.65. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $29.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.35 billion and a PE ratio of -59.21.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm 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, research analysts anticipate that American Healthcare REIT will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.52%. American Healthcare REIT’s payout ratio is currently -208.33%.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds have recently modified their holdings of AHR. JPMorgan Chase & Co. raised its stake in American Healthcare REIT by 15.9% during the third quarter. JPMorgan Chase & Co. now owns 917,636 shares of the company’s stock worth $23,950,000 after purchasing an additional 125,641 shares during the period. Principal Financial Group Inc. raised its position 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 worth $247,654,000 after buying an additional 3,330,714 shares during the period. Franklin Resources Inc. raised its position in shares of American Healthcare REIT by 13.7% in the 3rd quarter. Franklin Resources Inc. now owns 167,185 shares of the company’s stock worth $4,129,000 after buying an additional 20,174 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT during the third quarter valued at about $28,000. Finally, World Investment Advisors LLC acquired a new stake in American Healthcare REIT during the third quarter worth about $946,000. 16.68% of the stock is 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.