American Healthcare REIT (NYSE:AHR - Free Report) had its price objective lifted by Scotiabank from $42.00 to $47.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have a sector outperform rating on the stock.
Several other analysts have also weighed in on AHR. Robert W. Baird initiated coverage on American Healthcare REIT in a report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective for the company. KeyCorp boosted their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Royal Bank Of Canada boosted their price objective on American Healthcare REIT from $39.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Finally, JMP Securities boosted their price objective on American Healthcare REIT from $40.00 to $45.00 and gave the company a "market outperform" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $41.89.
Check Out Our Latest Report on American Healthcare REIT
American Healthcare REIT Stock Down 2.4%
Shares of NYSE AHR traded down $1.02 during midday trading on Thursday, reaching $41.77. 596,369 shares of the company's stock were exchanged, compared to its average volume of 1,628,687. American Healthcare REIT has a 52-week low of $20.15 and a 52-week high of $43.14. The stock has a market capitalization of $7.04 billion, a PE ratio of -189.92, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48. The business's fifty day moving average price is $38.87 and its two-hundred day moving average price is $34.18.
American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.The business had revenue of $542.50 million for the quarter, compared to analyst estimates of $539.49 million. During the same period in the previous year, the company earned $0.33 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Analysts forecast that American Healthcare REIT will post 1.41 EPS for the current year.
American Healthcare REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio is -454.55%.
Insider Transactions at American Healthcare REIT
In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On American Healthcare REIT
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AHR. Vanguard Group Inc. boosted its stake in shares of American Healthcare REIT by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company's stock worth $569,494,000 after acquiring an additional 3,437,861 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Healthcare REIT by 1.1% during the first quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock worth $374,923,000 after acquiring an additional 134,822 shares in the last quarter. State Street Corp raised its holdings in American Healthcare REIT by 6.5% during the second quarter. State Street Corp now owns 6,902,944 shares of the company's stock valued at $255,289,000 after buying an additional 422,931 shares in the last quarter. Invesco Ltd. raised its holdings in American Healthcare REIT by 15.9% during the second quarter. Invesco Ltd. now owns 5,820,530 shares of the company's stock valued at $213,846,000 after buying an additional 798,075 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in American Healthcare REIT by 16.7% during the second quarter. Alliancebernstein L.P. now owns 5,318,866 shares of the company's stock valued at $195,415,000 after buying an additional 759,501 shares in the last quarter. 16.68% of the stock is owned by institutional investors.
About American Healthcare REIT
(
Get Free Report)
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.
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