American Healthcare REIT (NYSE:AHR) Price Target Raised to $38.00

American Healthcare REIT (NYSE:AHR - Free Report) had its price objective hoisted by Truist Financial from $32.00 to $38.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on AHR. Morgan Stanley raised their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. Finally, JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $36.29.

American Healthcare REIT Stock Performance

American Healthcare REIT stock traded up $0.01 during mid-day trading on Monday, hitting $35.21. 1,616,290 shares of the company's stock traded hands, compared to its average volume of 1,880,218. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a 50 day simple moving average of $32.44 and a two-hundred day simple moving average of $30.05. American Healthcare REIT has a fifty-two week low of $14.32 and a fifty-two week high of $36.00. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of -73.35, a P/E/G ratio of 1.57 and a beta of 1.21.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. On average, research analysts expect that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's payout ratio is presently -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

Large investors have recently modified their holdings of the business. Wolff Wiese Magana LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB raised its stake in American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after acquiring an additional 633 shares in the last quarter. Spirit of America Management Corp NY bought a new position in shares of American Healthcare REIT in the first quarter worth about $30,000. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT during the 4th quarter valued at approximately $29,000. Finally, Avalon Trust Co bought a new position in shares of American Healthcare REIT in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 16.68% of the company's stock.

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.