Truist Financial Issues Positive Forecast for American Healthcare REIT (NYSE:AHR) Stock Price

American Healthcare REIT (NYSE:AHR) had its target price lifted by Truist Financial from $32.00 to $38.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also weighed in on AHR. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp dropped their price target on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They issued a “buy” rating and a $37.00 price objective for the company. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $36.29.

American Healthcare REIT Stock Down 0.8%

Shares of NYSE:AHR opened at $35.21 on Monday. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of -73.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The company has a 50 day moving average of $32.35 and a two-hundred day moving average of $30.01. American Healthcare REIT has a 52-week low of $14.32 and a 52-week high of $36.00. 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 (NYSE:AHR) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. As a group, analysts forecast that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. American Healthcare REIT’s dividend payout ratio (DPR) is -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake 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 valued at $395,000 after purchasing an additional 533 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in American Healthcare REIT by 67.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,236 shares of the company’s stock valued at $121,000 after purchasing an additional 1,699 shares during the last quarter. State of Alaska Department of Revenue grew its position in American Healthcare REIT by 101.2% in the 4th quarter. State of Alaska Department of Revenue now owns 72,799 shares of the company’s stock worth $2,068,000 after purchasing an additional 36,625 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $331,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in American Healthcare REIT by 15.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,895 shares of the company’s stock valued at $878,000 after acquiring an additional 4,090 shares during the period. 16.68% of the stock is currently owned by hedge funds and other 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.