American Healthcare REIT, Inc. (NYSE:AHR) Receives $26.00 Consensus Price Target from Analysts

American Healthcare REIT, Inc. (NYSE:AHR) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.00.

Several brokerages have recently weighed in on AHR. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Morgan Stanley lifted their price target on 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 lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AHR. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT in the fourth quarter valued at approximately $29,000. Finally, Amalgamated Bank purchased a new stake in American Healthcare REIT during the second quarter worth $33,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Up 0.7 %

Shares of AHR opened at $28.91 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT has a 52-week low of $12.63 and a 52-week high of $29.99. The company has a market capitalization of $4.42 billion and a PE ratio of -60.22. The stock has a fifty day simple moving average of $28.29 and a two-hundred day simple moving average of $24.20.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. As a group, equities analysts forecast that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

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.