American Healthcare REIT (NYSE:AHR) Price Target Cut to $34.00 by Analysts at KeyCorp

American Healthcare REIT (NYSE:AHR - Free Report) had its price target decreased by KeyCorp from $35.00 to $34.00 in a report published on Monday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on AHR. JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada restated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Morgan Stanley raised their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $33.33.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded down $1.92 during midday trading on Monday, hitting $28.48. 1,227,038 shares of the company's stock were exchanged, compared to its average volume of 1,735,420. American Healthcare REIT has a twelve month low of $12.81 and a twelve month high of $31.61. The firm has a market cap of $4.49 billion, a P/E ratio of -59.30, a PEG ratio of 1.57 and a beta of 1.42. The stock's 50 day moving average price is $29.18 and its 200-day moving average price is $27.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's payout ratio is presently -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of American Healthcare REIT by 189.0% in 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 during the last quarter. GAMMA Investing LLC lifted its holdings in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after buying an additional 504 shares during the last quarter. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $29,000. Carolina Wealth Advisors LLC acquired a new position in American Healthcare REIT in the fourth quarter worth approximately $29,000. Finally, Wilmington Savings Fund Society FSB bought a new position in American Healthcare REIT during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors 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.