American Healthcare REIT, Inc. (NYSE:AHR) Receives $30.17 Average Target Price from Brokerages

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have received a consensus rating of "Buy" from the seven ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $30.17.

A number of analysts have commented on the stock. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley upped their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, December 30th. Royal Bank of Canada lifted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th.

Institutional Trading of American Healthcare REIT

Several hedge funds have recently modified their holdings of AHR. GAMMA Investing LLC lifted its holdings in shares of American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after acquiring an additional 504 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT during the fourth quarter valued at approximately $29,000. Carolina Wealth Advisors LLC bought a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $28,000. Finally, Quarry LP bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at approximately $33,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

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American Healthcare REIT Stock Performance

American Healthcare REIT stock traded up $0.26 during mid-day trading on Friday, reaching $29.75. 1,580,945 shares of the stock traded hands, compared to its average volume of 1,612,317. The business's 50-day moving average is $28.57 and its 200-day moving average is $27.04. American Healthcare REIT has a 12-month low of $12.81 and a 12-month high of $30.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $4.69 billion and a PE ratio of -61.97.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

American Healthcare REIT Company Profile

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.