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

American Healthcare REIT, Inc. (NYSE:AHR) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $18.38.

A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. JMP Securities raised their target price on shares of American Healthcare REIT from $16.00 to $18.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Truist Financial restated a “buy” rating and issued a $17.00 price target (up previously from $16.00) on shares of American Healthcare REIT in a research report on Monday, July 1st. Finally, Bank of America lifted their price objective on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of American Healthcare REIT during the 2nd quarter valued at about $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT in the second quarter worth approximately $33,000. Semmax Financial Advisors Inc. acquired a new stake in American Healthcare REIT in the second quarter valued at approximately $45,000. CWM LLC bought a new stake in American Healthcare REIT in the second quarter worth approximately $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in American Healthcare REIT in the second quarter worth approximately $110,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 1.5 %

Shares of NYSE AHR opened at $20.93 on Monday. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $21.45. The stock has a fifty day moving average price of $17.02 and a two-hundred day moving average price of $15.05. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.60.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The business had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative return on equity of 3.26% and a negative net margin of 2.77%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts forecast that American Healthcare REIT will post 1.2 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Thursday, June 27th.

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.