American Healthcare REIT, Inc. (NYSE:AHR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $23.00.

Several research analysts have recently weighed in on the stock. JMP Securities upped their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Truist Financial upped their target price on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Bank of America lifted their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp raised their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Morgan Stanley boosted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors have recently made changes to their positions in the business. Peak Financial Advisors LLC bought a new stake in American Healthcare REIT in the first quarter worth $416,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in American Healthcare REIT during the 1st quarter valued at about $7,694,000. Peregrine Capital Management LLC bought a new position in American Healthcare REIT during the 1st quarter worth approximately $7,763,000. Principal Financial Group Inc. purchased a new position in American Healthcare REIT in the 1st quarter worth approximately $88,504,000. Finally, Capstone Investment Advisors LLC bought a new stake in American Healthcare REIT in the first quarter valued at approximately $1,201,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 1.1 %

Shares of NYSE AHR opened at $26.16 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $26.77. The business has a 50-day simple moving average of $20.22 and a two-hundred day simple moving average of $16.40.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that American Healthcare REIT will post 1.29 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, September 20th.

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.