American Healthcare REIT (NYSE:AHR) Upgraded by Baird R W to Strong-Buy Rating

Baird R W upgraded shares of American Healthcare REIT (NYSE:AHR - Free Report) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Several other analysts have also weighed in on AHR. Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. KeyCorp lifted their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Truist Financial boosted their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Finally, Scotiabank began coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $38.11.

American Healthcare REIT Price Performance

AHR stock traded up $0.56 during mid-day trading on Thursday, hitting $37.82. The stock had a trading volume of 953,708 shares, compared to its average volume of 1,901,960. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT has a 52 week low of $14.79 and a 52 week high of $38.12. The firm has a market capitalization of $6.03 billion, a P/E ratio of -140.07, a P/E/G ratio of 2.13 and a beta of 1.09. The firm has a fifty day simple moving average of $35.70 and a 200 day simple moving average of $31.58.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The business had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. During the same period last year, the company earned $0.30 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. American Healthcare REIT's payout ratio is currently -370.37%.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the sale, the executive owned 95,671 shares of the company's stock, valued at $3,453,723.10. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is owned by insiders.

Institutional Trading of American Healthcare REIT

Several institutional investors have recently bought and sold shares of AHR. GAMMA Investing LLC raised its holdings in shares of American Healthcare REIT by 22.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,716 shares of the company's stock valued at $63,000 after buying an additional 311 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in American Healthcare REIT by 1.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company's stock valued at $1,086,000 after purchasing an additional 393 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in American Healthcare REIT by 3.2% during the 1st quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company's stock valued at $435,000 after buying an additional 444 shares during the last quarter. Xponance Inc. boosted its holdings in shares of American Healthcare REIT by 4.3% during the first quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after purchasing an additional 470 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of American Healthcare REIT by 2.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 22,663 shares of the company's stock worth $687,000 after purchasing an additional 543 shares in the last quarter. 16.68% of the stock is owned by institutional investors and hedge funds.

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.