American Healthcare REIT (NYSE:AHR) Price Target Increased to $22.00 by Analysts at Truist Financial

American Healthcare REIT (NYSE:AHR) had its price objective hoisted by Truist Financial from $17.00 to $22.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently commented on AHR. Bank of America lifted their price target on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a buy rating in a research note on Tuesday, August 20th. Morgan Stanley raised their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an overweight rating in a report on Thursday, August 22nd. Finally, JMP Securities lifted their price target on shares of American Healthcare REIT from $16.00 to $18.00 and gave the stock a market outperform rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $19.00.

American Healthcare REIT Stock Performance

AHR stock opened at $21.09 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $21.45. The company’s 50-day moving average is $17.26 and its 200-day moving average is $15.17.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The company had revenue of $504.60 million for the quarter, compared to analysts’ expectations of $506.55 million. The business’s revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that American Healthcare REIT will post 1.24 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were issued a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.74%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in American Healthcare REIT in the 1st quarter valued at about $88,504,000. Centersquare Investment Management LLC acquired a new stake in shares of American Healthcare REIT during the 1st quarter worth about $63,269,000. V3 Capital Management L.P. purchased a new stake in American Healthcare REIT in the first quarter valued at approximately $42,337,000. Goldentree Asset Management LP purchased a new position in shares of American Healthcare REIT during the first quarter worth about $22,125,000. Finally, Russell Investments Group Ltd. purchased a new position in American Healthcare REIT in the first quarter worth $20,381,000. Institutional investors own 16.68% of the company’s stock.

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.