American Healthcare REIT (NYSE:AHR) Price Target Raised to $56.00

American Healthcare REIT (NYSE:AHR) had its target price increased by UBS Group from $51.00 to $56.00 in a report issued on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

AHR has been the topic of a number of other research reports. JMP Securities boosted their price target on American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, October 17th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Friday, October 17th. Royal Bank Of Canada boosted their target price on American Healthcare REIT from $45.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Zacks Research raised American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Citizens Jmp upped their price objective on shares of American Healthcare REIT from $50.00 to $60.00 and gave the company a “market outperform” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $50.60.

American Healthcare REIT Stock Up 0.6%

Shares of AHR stock opened at $49.47 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s 50-day moving average is $43.93 and its 200-day moving average is $39.80. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 353.32, a PEG ratio of 2.05 and a beta of 0.98. American Healthcare REIT has a 52-week low of $26.40 and a 52-week high of $50.51.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 2.0%. American Healthcare REIT’s dividend payout ratio (DPR) is presently 714.29%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. grew its position 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 buying an additional 296 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of American Healthcare REIT during the 3rd quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth $31,000. Total Investment Management Inc. acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth $32,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of American Healthcare REIT in the second quarter worth $34,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

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.