American Healthcare REIT (NYSE:AHR) Shares Gap Up After Analyst Upgrade

Shares of American Healthcare REIT, Inc. (NYSE:AHR) gapped up before the market opened on Friday after Truist Financial raised their price target on the stock from $22.00 to $27.00. The stock had previously closed at $25.16, but opened at $25.90. Truist Financial currently has a buy rating on the stock. American Healthcare REIT shares last traded at $25.96, with a volume of 561,788 shares traded.

A number of other research firms have also recently commented on AHR. 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. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Bank of America raised their target price on shares of American Healthcare REIT from $19.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, JMP Securities upped their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds have recently added to or reduced their stakes in the business. Kiely Wealth Advisory Group Inc. bought a new position in shares of American Healthcare REIT during the second quarter valued at $30,000. Amalgamated Bank acquired a new stake in American Healthcare REIT in the second quarter valued at $33,000. Semmax Financial Advisors Inc. bought a new position in American Healthcare REIT during the 2nd quarter worth $45,000. CWM LLC acquired a new position in American Healthcare REIT during the 2nd quarter worth about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $110,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

The business has a 50-day simple moving average of $19.44 and a 200 day simple moving average of $16.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.28 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, September 20th.

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.