American Healthcare REIT (NYSE:AHR) Given New $55.00 Price Target at Scotiabank

American Healthcare REIT (NYSE:AHR) had its price target increased by Scotiabank from $47.00 to $55.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a sector outperform rating on the stock.

A number of other research analysts have also issued reports on the stock. Baird R W upgraded shares of American Healthcare REIT to a “strong-buy” rating in a research report on Thursday, July 17th. JMP Securities raised their price objective on American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Friday, October 17th. UBS Group began coverage on American Healthcare REIT in a research report on Friday, September 19th. They set a “buy” rating and a $51.00 target price for the company. KeyCorp boosted their price target on American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $49.40.

American Healthcare REIT Stock Performance

American Healthcare REIT stock traded up $0.17 during trading hours on Thursday, hitting $48.41. The company had a trading volume of 2,618,039 shares, compared to its average volume of 1,717,101. The firm has a market cap of $8.56 billion, a PE ratio of 29.42, a PEG ratio of 2.38 and a beta of 0.98. The firm has a 50-day moving average of $43.58 and a 200 day moving average of $39.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.48. American Healthcare REIT has a one year low of $26.11 and a one year high of $50.51.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio (DPR) is presently 714.29%.

Insider Activity

In other news, Director Jeffrey T. Hanson sold 20,010 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $49.68, for a total value of $994,096.80. Following the completion of the transaction, the director owned 21,798 shares of the company’s stock, valued at $1,082,924.64. This represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark E. Foster sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total transaction of $74,025.00. Following the sale, the executive vice president directly owned 57,600 shares in the company, valued at $2,842,560. The trade was a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 25,360 shares of company stock worth $1,229,398. Company insiders own 0.92% of the company’s stock.

Institutional Trading of American Healthcare REIT

Hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. boosted its stake in American Healthcare REIT by 83.1% during the third quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $31,000. Total Investment Management Inc. bought a new stake in American Healthcare REIT in the 2nd quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. bought a new stake in American Healthcare REIT in the 2nd quarter valued at about $34,000. Institutional investors 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.