American Healthcare REIT (NYSE:AHR) Price Target Raised to $30.00

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

A number of other analysts have also weighed in on the company. Morgan Stanley increased their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Bank of America increased their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. JMP Securities raised their target price on 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. Finally, KeyCorp upped their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT Trading Up 2.5 %

Shares of AHR opened at $28.35 on Monday. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $28.63. The firm has a market cap of $3.73 billion and a price-to-earnings ratio of -57.65. The firm has a 50 day moving average price of $25.65 and a 200-day moving average price of $19.68. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results 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). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that American Healthcare REIT will post 1.42 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s dividend payout ratio is -208.33%.

Hedge Funds Weigh In On American Healthcare REIT

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the period. Principal Financial Group Inc. raised its holdings in American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after acquiring an additional 3,330,714 shares during the period. State Street Corp lifted its position in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after acquiring an additional 2,538,177 shares in the last quarter. V3 Capital Management L.P. bought a new position in shares of American Healthcare REIT in the first quarter worth about $42,337,000. Finally, Geode Capital Management LLC grew its position in shares of American Healthcare REIT by 76.4% during the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after purchasing an additional 1,094,296 shares in the last quarter. Hedge funds and other institutional investors 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.