Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) Target Price at $23.00

American Healthcare REIT, Inc. (NYSE:AHR) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $23.00.

Several equities analysts have recently issued reports on AHR shares. KeyCorp boosted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial upped their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. JMP Securities increased their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Finally, Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th.

Hedge Funds Weigh In On American Healthcare REIT

Several hedge funds have recently made changes to their positions in AHR. Kozak & Associates Inc. bought a new stake in American Healthcare REIT during the third quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of American Healthcare REIT during the 2nd quarter valued at $30,000. Amalgamated Bank bought a new stake in shares of American Healthcare REIT during the 2nd quarter worth $33,000. Semmax Financial Advisors Inc. acquired a new position in shares of American Healthcare REIT in the 2nd quarter worth $45,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth $48,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 2.5 %

Shares of NYSE AHR opened at $24.59 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The firm’s 50-day moving average price is $23.14 and its two-hundred day moving average price is $17.74. American Healthcare REIT has a 52-week low of $12.63 and a 52-week high of $26.77.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The company had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts predict that American Healthcare REIT will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.07%.

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.