American Healthcare REIT (NYSE:AHR) PT Raised to $27.00

American Healthcare REIT (NYSE:AHR) had its price target hoisted by KeyCorp from $16.00 to $27.00 in a research report released on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on AHR. JMP Securities raised their price objective on shares of American Healthcare REIT from $16.00 to $18.00 and gave the stock a market outperform rating in a research report on Wednesday, August 7th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an overweight rating in a research note on Thursday, August 22nd. Truist Financial boosted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company a buy rating in a research report on Tuesday, September 3rd. Finally, Bank of America increased their price objective on American Healthcare REIT from $19.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $20.38.

American Healthcare REIT Stock Performance

NYSE AHR opened at $25.41 on Monday. The company has a fifty day moving average of $19.24 and a two-hundred day moving average of $15.97. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $25.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.

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

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Friday, September 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kiely Wealth Advisory Group Inc. purchased a new position in shares of American Healthcare REIT in the second quarter valued at $30,000. Amalgamated Bank purchased a new position in American Healthcare REIT during the 2nd quarter valued at about $33,000. Semmax Financial Advisors Inc. purchased a new position in American Healthcare REIT during the 2nd quarter valued at about $45,000. CWM LLC purchased a new stake in shares of American Healthcare REIT in the second quarter valued at about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $110,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

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.