Truist Financial Increases American Healthcare REIT (NYSE:AHR) Price Target to $27.00

American Healthcare REIT (NYSE:AHR) had its price target increased by Truist Financial from $22.00 to $27.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

AHR has been the topic of several other research reports. KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an overweight rating in a report on Monday, September 16th. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an overweight rating in a research note on Thursday, August 22nd. Bank of America increased their price objective on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, August 20th. 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $22.50.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $26.03 on Friday. The company’s 50 day simple moving average is $19.63 and its 200 day simple moving average is $16.17. 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 fifty-two week low of $12.63 and a fifty-two week high of $26.77.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that American Healthcare REIT will post 1.28 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Friday, September 20th.

Institutional Investors Weigh In On American Healthcare REIT

Several large investors have recently made changes to their positions in AHR. Kiely Wealth Advisory Group Inc. acquired a new stake in American Healthcare REIT in the second quarter valued at $30,000. Amalgamated Bank acquired a new stake in American Healthcare REIT in the 2nd quarter valued at about $33,000. Commonwealth Equity Services LLC grew its holdings 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 during the period. Peak Financial Advisors LLC increased its position in American Healthcare REIT by 10.4% during the second quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company’s stock worth $455,000 after buying an additional 2,921 shares during the last quarter. Finally, Semmax Financial Advisors Inc. bought a new stake in American Healthcare REIT in the second quarter valued at approximately $45,000. Institutional investors and hedge funds 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.