American Healthcare REIT, Inc. (NYSE:AHR) Receives Average Recommendation of “Moderate Buy” from Brokerages

American Healthcare REIT, Inc. (NYSE:AHR) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.38.

Several research analysts recently weighed in on AHR shares. Truist Financial reaffirmed a “buy” rating and issued a $17.00 target price (up from $16.00) on shares of American Healthcare REIT in a research report on Monday, July 1st. Bank of America raised their price objective on American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. JMP Securities boosted their target price on American Healthcare REIT from $16.00 to $18.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley raised their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd.

Institutional Trading of American Healthcare REIT

Several large investors have recently bought and sold shares of AHR. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT during the second quarter worth $30,000. Amalgamated Bank purchased a new stake in American Healthcare REIT during the 2nd quarter worth $33,000. Semmax Financial Advisors Inc. acquired a new position in American Healthcare REIT in the 2nd quarter worth $45,000. CWM LLC purchased a new position in American Healthcare REIT in the 2nd quarter valued at about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of American Healthcare REIT during the second quarter valued at about $110,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

AHR opened at $20.93 on Monday. American Healthcare REIT has a 12 month low of $12.63 and a 12 month high of $21.45. The business has a 50-day moving average of $17.02 and a two-hundred day moving average of $15.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). The company had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that American Healthcare REIT will post 1.24 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.00 annualized dividend and a dividend yield of 4.78%.

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.