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

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $30.17.

Several research analysts recently weighed in on AHR shares. Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley upped 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. Truist Financial upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th.

Institutional Trading of American Healthcare REIT

Large investors have recently made changes to their positions in the stock. Centaurus Financial Inc. acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at about $133,000. Employees Retirement System of Texas purchased a new stake in American Healthcare REIT during the 4th quarter worth approximately $3,837,000. Ameriflex Group Inc. acquired a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $260,000. Mackenzie Financial Corp acquired a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $336,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Up 1.1 %

Shares of American Healthcare REIT stock opened at $28.92 on Friday. American Healthcare REIT has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. 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 firm has a 50-day simple moving average of $28.54 and a two-hundred day simple moving average of $26.90. The company has a market cap of $4.56 billion and a P/E ratio of -60.26.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

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.