American Healthcare REIT (NYSE:AHR) Shares Gap Up After Analyst Upgrade

American Healthcare REIT, Inc. (NYSE:AHR)’s share price gapped up before the market opened on Friday after Truist Financial raised their price target on the stock from $22.00 to $27.00. The stock had previously closed at $25.16, but opened at $25.90. Truist Financial currently has a buy rating on the stock. American Healthcare REIT shares last traded at $25.96, with a volume of 561,788 shares traded.

AHR has been the subject of several other reports. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday. KeyCorp lifted their price objective 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. Bank of America increased their price objective on shares of American Healthcare REIT from $19.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley lifted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Hedge Funds Weigh In On American Healthcare REIT

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna Fundamental Investments LLC bought a new stake in American Healthcare REIT in the 2nd quarter valued at about $2,246,000. The Manufacturers Life Insurance Company acquired a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $352,000. Semmax Financial Advisors Inc. bought a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $45,000. Land & Buildings Investment Management LLC grew its position in American Healthcare REIT by 19.3% during the second quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock worth $26,260,000 after buying an additional 290,740 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT during the 2nd quarter worth $30,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Up 2.0 %

The company has a fifty day simple moving average of $19.44 and a two-hundred day simple moving average of $16.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The company had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.28 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.89%.

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.