Morgan Stanley Issues Positive Forecast for American Healthcare REIT (NYSE:AHR) Stock Price

American Healthcare REIT (NYSE:AHR) had its target price upped by Morgan Stanley from $27.00 to $29.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

AHR has been the topic of a number of other reports. Bank of America lifted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. KeyCorp lifted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. JMP Securities upped their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Royal Bank of Canada lifted their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

American Healthcare REIT Trading Down 0.5 %

NYSE:AHR opened at $28.33 on Monday. The firm has a market capitalization of $4.34 billion and a P/E ratio of -59.02. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $27.56 and a 200 day moving average of $22.51. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $29.99.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, research analysts predict that American Healthcare REIT will post 1.42 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Institutional Trading of American Healthcare REIT

Several hedge funds and other institutional investors have recently made changes to their positions in AHR. Kozak & Associates Inc. purchased a new position in American Healthcare REIT in the third quarter worth about $28,000. Wilmington Savings Fund Society FSB bought a new position in American Healthcare REIT in the 3rd quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in American Healthcare REIT during the 2nd quarter valued at $30,000. Amalgamated Bank bought a new stake in shares of American Healthcare REIT in the 2nd quarter worth $33,000. Finally, Quarry LP purchased a new position in shares of American Healthcare REIT in the third quarter worth $33,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Company Profile

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.