Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $30.17

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have earned an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $30.83.

A number of equities analysts have recently weighed in on AHR shares. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th.

American Healthcare REIT Trading Down 0.9 %

American Healthcare REIT stock opened at $29.86 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50-day simple moving average of $28.71 and a 200 day simple moving average of $27.20. The stock has a market capitalization of $4.70 billion and a P/E ratio of -62.20. American Healthcare REIT has a 52 week low of $12.81 and a 52 week high of $30.97.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -370.37%.

Institutional Trading of American Healthcare REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of American Healthcare REIT during the third quarter worth $28,000. GAMMA Investing LLC increased its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT during the 4th quarter worth $29,000. Richardson Capital Management LLC acquired a new position in American Healthcare REIT during the 4th quarter worth about $29,000. Finally, Quarry LP bought a new stake in shares of American Healthcare REIT in the 3rd quarter valued at about $33,000. 16.68% of the stock is currently owned by institutional investors.

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.