KeyCorp Issues Positive Forecast for American Healthcare REIT (NYSE:AHR) Stock Price

American Healthcare REIT (NYSE:AHR) had its price objective upped by KeyCorp from $34.00 to $40.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their target price on American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, May 20th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Jefferies Financial Group began coverage on American Healthcare REIT in a report on Monday, April 28th. They set a “buy” rating and a $37.00 price target on the stock. Truist Financial boosted their price target on American Healthcare REIT from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT currently has an average rating of “Buy” and an average target price of $37.14.

American Healthcare REIT Stock Down 0.8%

AHR stock opened at $35.42 on Wednesday. The company has a market cap of $5.65 billion, a PE ratio of -73.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The business has a 50-day simple moving average of $32.75 and a 200 day simple moving average of $30.13. American Healthcare REIT has a 52 week low of $14.32 and a 52 week high of $36.33. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. 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 $540.60 million for the quarter, compared to analysts’ expectations of $542.32 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new position in shares of American Healthcare REIT in the fourth quarter worth approximately $331,000. Bank of New York Mellon Corp lifted its stake in shares of American Healthcare REIT by 139.7% in the fourth quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company’s stock worth $20,714,000 after acquiring an additional 424,773 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of American Healthcare REIT by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company’s stock worth $60,964,000 after acquiring an additional 237,139 shares during the period. Principal Financial Group Inc. lifted its stake in shares of American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock worth $347,831,000 after acquiring an additional 2,750,137 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of American Healthcare REIT by 263.0% in the fourth quarter. Allworth Financial LP now owns 14,928 shares of the company’s stock worth $422,000 after acquiring an additional 10,816 shares during the period. 16.68% of the stock is owned by institutional investors and hedge funds.

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.