American Healthcare REIT (NYSE:AHR) Price Target Raised to $31.00 at Bank of America

American Healthcare REIT (NYSE:AHR) had its price target increased by Bank of America from $27.00 to $31.00 in a research report report published on Tuesday, Benzinga reports. Bank of America currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. KeyCorp raised their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an overweight rating in a report on Monday, September 16th. Morgan Stanley upped their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an overweight rating in a research report on Thursday, August 22nd. Truist Financial raised their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a buy rating in a research report on Friday, September 20th. Finally, JMP Securities upped their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a market outperform rating in a research report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, American Healthcare REIT has a consensus rating of Moderate Buy and a consensus price target of $23.00.

American Healthcare REIT Stock Down 0.2 %

Shares of NYSE AHR opened at $26.12 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $20.22 and its two-hundred day moving average price is $16.40. American Healthcare REIT has a one year low of $12.63 and a one year high of $26.77.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The business had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. The business’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that American Healthcare REIT will post 1.29 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, September 20th.

Institutional Trading of American Healthcare REIT

A number of hedge funds have recently added to or reduced their stakes in AHR. Kiely Wealth Advisory Group Inc. bought a new position in shares of American Healthcare REIT in the 2nd quarter valued at $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT in the 2nd quarter worth about $33,000. Semmax Financial Advisors Inc. bought a new position in American Healthcare REIT in the second quarter valued at about $45,000. CWM LLC acquired a new stake in shares of American Healthcare REIT during the second quarter valued at about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of American Healthcare REIT in the second quarter valued at approximately $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.