American Healthcare REIT (NYSE:AHR) Price Target Raised to $46.00 at Truist Financial

Key Points

• Truist Financial has raised its price target for American Healthcare REIT (NYSE:AHR) from $44.00 to $46.00, suggesting a potential upside of 7.83% based on current stock prices.
• The stock received a range of positive ratings from various firms, with an average target price of $41.33 and a majority of analysts rating it as a "buy."
• American Healthcare REIT reported a 7.5% increase in quarterly revenue year-over-year, with an EPS of $0.42, exceeding analyst estimates.

American Healthcare REIT (NYSE:AHR - Free Report) had its target price upped by Truist Financial from $44.00 to $46.00 in a research report released on Tuesday morning, MarketBeat reports. Truist Financial currently has a buy rating on the stock.

AHR has been the subject of several other research reports. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 target price for the company. Royal Bank Of Canada increased their target price on shares of American Healthcare REIT from $39.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Scotiabank assumed coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price for the company. KeyCorp increased their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.89.

American Healthcare REIT Stock Up 0.2%

Shares of American Healthcare REIT stock traded up $0.07 during trading hours on Tuesday, reaching $42.79. The company's stock had a trading volume of 988,676 shares, compared to its average volume of 1,622,638. American Healthcare REIT has a one year low of $20.15 and a one year high of $43.14. The company has a market capitalization of $7.21 billion, a P/E ratio of -194.48, a P/E/G ratio of 2.19 and a beta of 1.08. The stock's fifty day simple moving average is $38.75 and its two-hundred day simple moving average is $34.04. 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 (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $539.49 million. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, research analysts forecast that American Healthcare REIT will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the transaction, the executive owned 95,671 shares in the company, 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 corporate insiders.

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. Wolff Wiese Magana LLC bought a new position in American Healthcare REIT during the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 purchased a new stake in shares of American Healthcare REIT during the first quarter worth $30,000. Darwin Wealth Management LLC purchased a new stake in shares of American Healthcare REIT during the second quarter worth $31,000. Finally, Total Investment Management Inc. purchased a new stake in shares of American Healthcare REIT during the second quarter worth $32,000. Institutional investors 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.