Royal Bank of Canada Issues Positive Forecast for American Healthcare REIT (NYSE:AHR) Stock Price

American Healthcare REIT (NYSE:AHR) had its price target upped 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.

AHR has been the subject of a number of other research reports. Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday. KeyCorp boosted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley raised 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. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, JMP Securities upped their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. One investment 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 has an average rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT Trading Up 1.0 %

Shares of AHR opened at $27.45 on Monday. American Healthcare REIT has a twelve month low of $12.63 and a twelve month high of $27.77. The company has a current ratio of 0.37, a quick ratio of 0.29 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $25.35 and its 200-day simple moving average is $19.43. The company has a market cap of $3.61 billion and a P/E ratio of -57.19.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, analysts expect that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.64%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Hedge Funds Weigh In On American Healthcare REIT

Large investors have recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new stake in American Healthcare REIT in the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank acquired a new stake in American Healthcare REIT in the second quarter worth about $33,000. Quarry LP purchased a new stake in shares of American Healthcare REIT during the third quarter worth about $33,000. Finally, Tidemark LLC acquired a new position in shares of American Healthcare REIT during the third quarter valued at about $44,000. 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.