American Healthcare REIT (NYSE:AHR) Stock Price Expected to Rise, Truist Financial Analyst Says

American Healthcare REIT (NYSE:AHR - Free Report) had its target price upped by Truist Financial from $27.00 to $29.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Bank of America boosted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. KeyCorp upped their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. JMP Securities upped their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Friday, September 20th. Finally, Morgan Stanley upped their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, American Healthcare REIT currently has an average rating of "Moderate Buy" and a consensus price target of $23.25.

American Healthcare REIT Stock Performance

AHR traded up $0.96 during trading on Friday, reaching $27.18. 2,175,859 shares of the company's stock were exchanged, compared to its average volume of 1,460,617. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $27.77. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $25.24 and a 200 day moving average price of $19.25. The company has a market capitalization of $3.58 billion and a P/E ratio of -56.63.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The firm had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The business's revenue was up 12.8% on a year-over-year basis. As a group, analysts predict that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.68%. American Healthcare REIT's dividend payout ratio is currently -208.33%.

Institutional Trading of American Healthcare REIT

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT during the second quarter worth $30,000. Amalgamated Bank acquired a new position in shares of American Healthcare REIT in the second quarter valued at $33,000. Quarry LP bought a new position in shares of American Healthcare REIT in the third quarter valued at about $33,000. Finally, Tidemark LLC acquired a new stake in shares of American Healthcare REIT during the 3rd quarter worth about $44,000. 16.68% of the stock is owned by institutional investors.

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.