American Healthcare REIT (NYSE:AHR) Given "Outperform" Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of American Healthcare REIT (NYSE:AHR - Free Report) in a research report released on Wednesday morning,Benzinga reports. They currently have a $34.00 target price on the stock.

A number of other equities analysts also recently commented on the company. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, December 30th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of "Buy" and a consensus price target of $30.83.

American Healthcare REIT Trading Down 0.8 %

AHR stock traded down $0.25 during midday trading on Wednesday, hitting $29.59. The company had a trading volume of 3,562,960 shares, compared to its average volume of 1,634,642. 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 has a 52 week low of $12.81 and a 52 week high of $30.97. The stock's 50 day moving average price is $28.75 and its 200 day moving average price is $27.34. The stock has a market cap of $4.66 billion and a price-to-earnings ratio of -61.64.

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American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.38%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in American Healthcare REIT in the third quarter worth $28,000. GAMMA Investing LLC raised its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after purchasing an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT in the fourth quarter worth $29,000. Richardson Capital Management LLC bought a new position in American Healthcare REIT in the fourth quarter worth $29,000. Finally, Quarry LP bought a new position in American Healthcare REIT in the third quarter worth $33,000. Institutional investors 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.