American Healthcare REIT (NYSE:AHR) Stock Rating Upgraded by Colliers Securities

Colliers Securities upgraded shares of American Healthcare REIT (NYSE:AHR) from a hold rating to a moderate buy rating in a research note issued to investors on Sunday, Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. 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 note on Monday, September 16th. Morgan Stanley boosted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America upped their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Truist Financial lifted their target price on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, JMP Securities increased their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average price target of $23.00.

American Healthcare REIT Trading Up 1.9 %

NYSE AHR opened at $25.41 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $22.66 and a 200-day moving average price of $17.48. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $26.77.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. American Healthcare REIT’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts predict that American Healthcare REIT will post 1.31 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be paid 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 Trading of American Healthcare REIT

Several large investors have recently made changes to their positions in AHR. Kiely Wealth Advisory Group Inc. purchased a new position in American Healthcare REIT in the second quarter valued at $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT in the 2nd quarter worth about $33,000. Commonwealth Equity Services LLC boosted its position in American Healthcare REIT by 11.8% during the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock worth $336,000 after purchasing an additional 2,429 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in American Healthcare REIT by 9.4% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,052 shares of the company’s stock valued at $758,000 after purchasing an additional 2,504 shares during the period. Finally, Peak Financial Advisors LLC increased its position in shares of American Healthcare REIT by 10.4% in the second quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company’s stock valued at $455,000 after buying an additional 2,921 shares in the last quarter. 16.68% of the stock is 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.