American Healthcare REIT, Inc. (NYSE:AHR – Get Free Report) 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.
View Our Latest Research Report on AHR
Insider Buying and Selling
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.
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