American Healthcare REIT (NYSE:AHR - Free Report) had its price objective trimmed by KeyCorp from $35.00 to $34.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.
AHR has been the subject of a number of other research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley raised their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Finally, Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and an average price target of $33.33.
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American Healthcare REIT Price Performance
American Healthcare REIT stock traded up $0.03 during mid-day trading on Monday, reaching $30.81. 2,159,213 shares of the company's stock traded hands, compared to its average volume of 1,722,347. American Healthcare REIT has a 12-month low of $12.81 and a 12-month high of $31.40. The company has a market cap of $4.85 billion and a price-to-earnings ratio of -64.19. The stock has a 50 day moving average of $29.10 and a two-hundred day moving average of $27.71. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.
American Healthcare REIT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's dividend payout ratio is -370.37%.
Institutional Trading of American Healthcare REIT
Institutional investors and hedge funds have recently made changes to their positions in the company. Diversify Advisory Services LLC increased its position in American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock valued at $955,000 after purchasing an additional 436 shares during the period. Benjamin Edwards Inc. raised its stake in American Healthcare REIT by 3.4% in the fourth quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock worth $396,000 after buying an additional 455 shares in the last quarter. GAMMA Investing LLC raised its position in shares of American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after acquiring an additional 504 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in American Healthcare REIT by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock worth $395,000 after purchasing an additional 533 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock worth $134,000 after purchasing an additional 591 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.
About American Healthcare REIT
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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.
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