American Healthcare REIT, Inc. (NYSE:AHR) Receives Average Rating of “Moderate Buy” from Analysts

American Healthcare REIT, Inc. (NYSE:AHR) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.00.

A number of research analysts have commented on the company. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of American Healthcare REIT in a research note on Thursday, May 16th. Truist Financial reissued a “buy” rating and set a $17.00 price target (up previously from $16.00) on shares of American Healthcare REIT in a report on Monday, July 1st.

Insider Buying and Selling

In other news, CEO Danny Prosky bought 25,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average cost of $14.20 per share, with a total value of $355,000.00. Following the purchase, the chief executive officer now owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of American Healthcare REIT

Several institutional investors have recently made changes to their positions in AHR. CWM LLC purchased a new stake in American Healthcare REIT during the 2nd quarter worth $58,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of American Healthcare REIT during the 2nd quarter valued at about $110,000. SG Americas Securities LLC bought a new stake in shares of American Healthcare REIT during the 2nd quarter valued at about $189,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of American Healthcare REIT during the 2nd quarter valued at about $217,000. Finally, Arizona State Retirement System bought a new position in American Healthcare REIT in the 2nd quarter worth about $267,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

AHR stock opened at $15.67 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $15.33. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $16.93.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.38%.

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.