American Healthcare REIT (NYSE:AHR) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

American Healthcare REIT (NYSE:AHR) had its target price raised by Royal Bank of Canada from $28.00 to $30.00 in a research report released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on AHR. Morgan Stanley boosted their price target on shares of 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 boosted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. KeyCorp boosted their price target 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. Truist Financial boosted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

American Healthcare REIT Stock Down 1.5 %

Shares of AHR opened at $27.67 on Monday. The firm has a market cap of $3.64 billion and a P/E ratio of -58.33. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $28.34. The company’s 50-day moving average price is $25.55 and its 200 day moving average price is $19.62. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that American Healthcare REIT will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

Institutional Investors Weigh In On American Healthcare REIT

Large investors have recently modified their holdings of the company. Kozak & Associates Inc. acquired a new stake in shares of American Healthcare REIT during the third quarter worth $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of American Healthcare REIT during the second quarter worth $30,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT during the second quarter worth $33,000. Quarry LP acquired a new stake in shares of American Healthcare REIT during the third quarter worth $33,000. Finally, Tidemark LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth $44,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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.