American Healthcare REIT (NYSE:AHR) Price Target Raised to $44.00

Key Points

• Truist Financial raised the price target for American Healthcare REIT from $38.00 to $44.00, indicating a potential upside of 7.80% from the current price and reaffirming a "buy" rating.
• In the latest earnings report, the company reported $0.42 earnings per share, exceeding analysts' expectations of $0.40, while revenue increased by 7.5% year-over-year.
• Earnings estimates project the company will post 1.41 earnings per share for the current year, with the stock receiving a consensus rating of "Buy" from ten research analysts.

American Healthcare REIT (NYSE:AHR - Free Report) had its price target increased by Truist Financial from $38.00 to $44.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Robert W. Baird initiated coverage on shares of American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 price target for the company. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank began coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price target for the company. Finally, Jefferies Financial Group began coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $41.11.

American Healthcare REIT Stock Down 0.1%

American Healthcare REIT stock traded down $0.0330 during trading on Monday, reaching $42.4470. 1,845,330 shares of the company's stock were exchanged, compared to its average volume of 1,519,406. The company's 50-day moving average is $38.05 and its two-hundred day moving average is $33.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48. American Healthcare REIT has a 52-week low of $20.15 and a 52-week high of $43.14. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -192.94, a PEG ratio of 2.17 and a beta of 1.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The firm had revenue of $542.50 million during the quarter, compared to analysts' expectations of $539.49 million. During the same period in the prior year, the company earned $0.33 EPS. The firm's revenue was up 7.5% on a year-over-year basis. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, analysts predict that American Healthcare REIT will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. American Healthcare REIT's payout ratio is currently -454.55%.

Insider Activity

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the sale, the executive owned 95,671 shares in the company, valued at approximately $3,453,723.10. This 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. Company insiders own 0.92% of the company's stock.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at about $30,000. Darwin Wealth Management LLC acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $31,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 16.68% of the company's stock.

About American Healthcare REIT

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.