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

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. One research 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 brokerages that have issued a report on the stock in the last year is $26.00.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Morgan Stanley upped their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, December 30th. Finally, Truist Financial lifted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th.

American Healthcare REIT Stock Performance

AHR stock traded down $0.39 during midday trading on Monday, hitting $27.64. The stock had a trading volume of 1,115,191 shares, compared to its average volume of 1,244,225. The firm has a market capitalization of $4.23 billion and a price-to-earnings ratio of -57.59. The stock has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $25.74. American Healthcare REIT has a 52 week low of $12.81 and a 52 week high of $29.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. American Healthcare REIT's payout ratio is presently -208.33%.

Institutional Investors Weigh In On American Healthcare REIT

A number of institutional investors and hedge funds have recently modified their holdings of AHR. Charles Schwab Investment Management Inc. raised its position in shares of American Healthcare REIT by 118.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock valued at $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. Janus Henderson Group PLC increased its holdings in American Healthcare REIT by 79.8% in the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock valued at $2,456,000 after purchasing an additional 41,755 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in American Healthcare REIT in the third quarter valued at about $568,000. Swiss National Bank boosted its holdings in American Healthcare REIT by 126.6% during the third quarter. Swiss National Bank now owns 291,400 shares of the company's stock worth $7,606,000 after buying an additional 162,800 shares during the last quarter. Finally, Hilton Capital Management LLC acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth about $4,777,000. 16.68% of the stock is owned by institutional investors.

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.