American Healthcare REIT (NYSE:AHR) Trading Up 1.7%

Shares of American Healthcare REIT, Inc. (NYSE:AHR) were up 1.7% during mid-day trading on Friday . The company traded as high as $13.55 and last traded at $13.49. Approximately 823,491 shares traded hands during trading, a decline of 14% from the average daily volume of 954,839 shares. The stock had previously closed at $13.26.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AHR shares. KeyCorp started coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They set an “overweight” rating and a $16.00 price target for the company. Truist Financial cut their price objective on American Healthcare REIT from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Bank of America started coverage on American Healthcare REIT in a research report on Monday, March 4th. They set a “buy” rating and a $15.00 price objective for the company. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of American Healthcare REIT in a research report on Monday, March 25th. Finally, Citigroup started coverage on American Healthcare REIT in a research report on Monday, March 4th. They set a “neutral” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.88.

American Healthcare REIT Stock Performance

The company’s 50 day simple moving average is $13.78.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.34%.

Insider Activity

In related news, Director Mathieu B. Streiff bought 83,333 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $999,996.00. Following the purchase, the director now owns 90,740 shares in the company, valued at approximately $1,088,880. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Investors Weigh In On American Healthcare REIT

An institutional investor recently bought a new position in American Healthcare REIT stock. Peak Financial Advisors LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,205 shares of the company’s stock, valued at approximately $416,000. 16.68% of the stock is currently owned by hedge funds and other 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.