Brokerages Set American Healthcare REIT, Inc. (NYSE:AHR) Target Price at $23.00

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $23.00.

Several research analysts have issued reports on the company. Colliers Securities upgraded American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. Truist Financial increased their price target on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a "buy" rating in a report on Friday, September 20th. JMP Securities boosted their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a report on Friday, September 20th. Bank of America increased their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Finally, KeyCorp boosted their price target on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th.

American Healthcare REIT Trading Down 0.9 %

Shares of AHR stock traded down $0.23 during trading hours on Friday, reaching $26.08. 1,382,283 shares of the company's stock were exchanged, compared to its average volume of 1,307,242. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The company's 50 day moving average is $24.85 and its two-hundred day moving average is $18.94. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $27.21.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, September 20th.

Institutional Trading of American Healthcare REIT

A number of large investors have recently made changes to their positions in AHR. Foundry Partners LLC purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $314,000. Intech Investment Management LLC acquired a new position in American Healthcare REIT in the 3rd quarter valued at $333,000. EverSource Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth $3,557,000. Hilton Capital Management LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth $4,777,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of American Healthcare REIT in the third quarter valued at $65,000. Institutional investors and hedge funds own 16.68% of the company's stock.

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.