Truist Financial Boosts American Healthcare REIT (NYSE:AHR) Price Target to $22.00

American Healthcare REIT (NYSE:AHR) had its price target increased by Truist Financial from $17.00 to $22.00 in a research report report published on Tuesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

AHR has been the topic of a number of other research reports. JMP Securities increased their target price on 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. Morgan Stanley increased their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an overweight rating in a research report on Thursday, August 22nd. Finally, Bank of America increased their price target on American Healthcare REIT from $19.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of Moderate Buy and a consensus price target of $19.00.

American Healthcare REIT Trading Down 0.3 %

Shares of NYSE AHR opened at $22.03 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $22.67. The business’s 50 day moving average is $17.55 and its 200-day moving average is $15.26.

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

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On American Healthcare REIT

Large investors have recently modified their holdings of the business. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at $30,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at $33,000. Semmax Financial Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at $45,000. CWM LLC acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at $110,000. Institutional investors and hedge funds 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.