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

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat 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 price objective among brokerages that have issued ratings on the stock in the last year is $26.00.

Several research firms have recently issued reports on AHR. Morgan Stanley raised 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. Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the period. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $29,000. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT in the 4th quarter worth 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 purchased a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

AHR stock opened at $27.32 on Monday. American Healthcare REIT has a 52 week low of $12.81 and a 52 week high of $29.99. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $28.22 and a two-hundred day simple moving average of $25.97. The firm has a market capitalization of $4.18 billion and a P/E ratio of -56.91.

American Healthcare REIT Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

About American Healthcare REIT

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.