American Healthcare REIT (NYSE:AHR) Upgraded at Baird R W

Baird R W upgraded shares of American Healthcare REIT (NYSE:AHR) to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Robert W. Baird assumed coverage on American Healthcare REIT in a research report on Friday. They set an “outperform” rating and a $41.00 target price on the stock. KeyCorp boosted their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Truist Financial lifted their price objective on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Morgan Stanley upped their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 20th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $38.11.

American Healthcare REIT Stock Up 1.5%

Shares of NYSE:AHR opened at $37.82 on Thursday. American Healthcare REIT has a fifty-two week low of $14.79 and a fifty-two week high of $38.12. The firm’s 50-day simple moving average is $35.70 and its 200-day simple moving average is $31.58. The company has a market cap of $6.03 billion, a price-to-earnings ratio of -140.07, a PEG ratio of 2.13 and a beta of 1.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $540.60 million for the quarter, compared to analysts’ expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, equities research analysts predict that American Healthcare REIT will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT’s payout ratio is -370.37%.

Insider Activity at American Healthcare REIT

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the sale, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Healthcare REIT

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock worth $436,455,000 after acquiring an additional 7,474,374 shares during the last quarter. Invesco Ltd. increased its stake in shares of American Healthcare REIT by 1,543.1% in the first quarter. Invesco Ltd. now owns 5,022,455 shares of the company’s stock worth $152,180,000 after purchasing an additional 4,716,792 shares during the period. Alliancebernstein L.P. lifted its position in shares of American Healthcare REIT by 350.7% during the 1st quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company’s stock worth $138,149,000 after purchasing an additional 3,547,635 shares during the last quarter. Nuveen LLC bought a new stake in American Healthcare REIT during the 1st quarter valued at approximately $68,097,000. Finally, Geode Capital Management LLC lifted its holdings in shares of American Healthcare REIT by 46.4% during the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock worth $105,171,000 after buying an additional 1,172,670 shares during the last quarter. 16.68% of the stock is currently 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.