UBS Group Initiates Coverage on American Healthcare REIT (NYSE:AHR)

Key Points

• UBS Group initiated coverage on American Healthcare REIT (NYSE:AHR), setting a "buy" rating and a price target of $51.00, indicating a potential upside of 19.63% from the current price.
• American Healthcare REIT reported earnings of $0.42 EPS for the last quarter, surpassing analyst expectations and showing a 7.5% increase in revenue compared to the previous year.
• There is strong interest from analysts with one Strong Buy and eleven Buy ratings, reflecting a consensus rating of "Buy" and a target price averaging $42.80.

UBS Group initiated coverage on shares of American Healthcare REIT (NYSE:AHR - Free Report) in a research report sent to investors on Friday, Marketbeat reports. The brokerage issued a buy rating and a $51.00 price target on the stock.

AHR has been the subject of several other reports. Royal Bank Of Canada upped their price target on American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Morgan Stanley reiterated an "overweight" rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. Baird R W upgraded American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. Finally, Robert W. Baird started coverage on American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $42.80.

American Healthcare REIT Stock Performance

American Healthcare REIT stock traded up $0.72 during midday trading on Friday, hitting $42.83. The stock had a trading volume of 708,171 shares, compared to its average volume of 1,627,323. The firm's fifty day moving average is $40.67 and its two-hundred day moving average is $35.60. The company has a market capitalization of $7.22 billion, a PE ratio of -194.70, a P/E/G ratio of 2.17 and a beta of 1.09. American Healthcare REIT has a 52-week low of $23.66 and a 52-week high of $43.52. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $542.50 million during the quarter, compared to analyst estimates of $539.49 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm's quarterly revenue 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. On average, research analysts forecast that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

Insider Buying and Selling at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's 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 transaction, the executive owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark E. Foster sold 3,850 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total value of $161,276.50. Following the transaction, the executive vice president owned 59,100 shares in the company, valued at approximately $2,475,699. This represents a 6.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On American Healthcare REIT

Institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC purchased a new position in shares of American Healthcare REIT during the first quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in shares of American Healthcare REIT during the second quarter valued at $31,000. Total Investment Management Inc. purchased a new position in American Healthcare REIT in the second quarter valued at about $32,000. Physician Wealth Advisors Inc. purchased a new position in American Healthcare REIT in the second quarter valued at about $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in American Healthcare REIT by 189.0% in the first 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 during the last quarter. Hedge funds and other 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.