American Healthcare REIT (NYSE:AHR) Price Target Raised to $37.00

American Healthcare REIT (NYSE:AHR - Free Report) had its price objective hoisted by Morgan Stanley from $36.00 to $37.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also issued reports on AHR. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT presently has a consensus rating of "Buy" and a consensus target price of $32.17.

American Healthcare REIT Stock Up 1.6 %

AHR traded up $0.47 during trading on Tuesday, reaching $30.40. 1,894,559 shares of the stock traded hands, compared to its average volume of 1,708,690. The stock's 50-day simple moving average is $28.99 and its two-hundred day simple moving average is $27.55. 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 has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The stock has a market cap of $4.79 billion and a price-to-earnings ratio of -63.32.

Remove Ads

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.29%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds and other institutional investors have recently made changes to their positions in AHR. California State Teachers Retirement System grew its stake in shares of American Healthcare REIT by 3.0% in the fourth quarter. California State Teachers Retirement System now owns 141,984 shares of the company's stock worth $4,035,000 after acquiring an additional 4,086 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $133,000. Employees Retirement System of Texas bought a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $3,837,000. Ameriflex Group Inc. bought a new position in American Healthcare REIT during the fourth quarter valued at about $260,000. Finally, Mackenzie Financial Corp acquired a new position in American Healthcare REIT in the 4th quarter valued at approximately $336,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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.