KeyCorp Cuts American Healthcare REIT (NYSE:AHR) Price Target to $34.00

by · The Cerbat Gem

American Healthcare REIT (NYSE:AHR – Free Report) had its price objective decreased by KeyCorp from $35.00 to $34.00 in a report published on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley raised their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $33.33.

Get Our Latest Analysis on AHR

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $30.81 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $29.15 and its 200 day moving average price is $27.73. American Healthcare REIT has a 52 week low of $12.81 and a 52 week high of $31.44. The stock has a market cap of $4.85 billion and a price-to-earnings ratio of -64.19.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in shares of American Healthcare REIT during the 3rd quarter valued at about $333,000. FMR LLC purchased a new stake in American Healthcare REIT in the third quarter valued at approximately $56,575,000. Townsquare Capital LLC acquired a new position in American Healthcare REIT during the third quarter worth approximately $278,000. CreativeOne Wealth LLC acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $499,000. Finally, MetLife Investment Management LLC grew its stake in shares of American Healthcare REIT by 181.7% during the 3rd quarter. MetLife Investment Management LLC now owns 52,344 shares of the company’s stock valued at $1,366,000 after buying an additional 33,760 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

About American Healthcare REIT

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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.

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