Truist Financial Issues Positive Forecast for American Healthcare REIT (NYSE:AHR) Stock Price

American Healthcare REIT (NYSE:AHR) had its target price boosted by Truist Financial from $27.00 to $29.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

AHR has been the subject of a number of other research reports. KeyCorp raised their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. JMP Securities boosted their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley upped their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

American Healthcare REIT Price Performance

Shares of AHR traded up $0.96 during mid-day trading on Friday, reaching $27.18. The company had a trading volume of 2,175,998 shares, compared to its average volume of 1,460,617. The company has a market capitalization of $3.58 billion and a price-to-earnings ratio of -56.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The company’s 50 day simple moving average is $25.35 and its 200 day simple moving average is $19.35. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $27.77.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The company had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts expect that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.68%. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

Institutional Trading of American Healthcare REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kozak & Associates Inc. purchased a new position in American Healthcare REIT during the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT in the 2nd quarter valued at $30,000. Amalgamated Bank purchased a new stake in American Healthcare REIT during the second quarter worth about $33,000. Quarry LP bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $33,000. Finally, Tidemark LLC bought a new stake in shares of American Healthcare REIT in the third quarter valued at $44,000. 16.68% of the stock is owned by institutional investors.

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.