Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) PT at $15.88

American Healthcare REIT, Inc. (NYSE:AHRGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $15.88.

Several analysts have recently weighed in on AHR shares. Bank of America started coverage on shares of American Healthcare REIT in a research note on Monday, March 4th. They issued a “buy” rating and a $15.00 price target for the company. Royal Bank of Canada assumed coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They set an “outperform” rating and a $15.00 price objective for the company. Citigroup assumed coverage on shares of 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. Morgan Stanley assumed coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They set an “overweight” rating and a $17.00 price objective for the company. Finally, Truist Financial lowered their price objective on shares of 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.

View Our Latest Stock Analysis on American Healthcare REIT

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $14.67 on Wednesday. The company has a 50 day moving average price of $14.07. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $15.34. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 6.82%.

Insiders Place Their Bets

In other American Healthcare REIT news, CEO Danny Prosky bought 25,000 shares of American Healthcare REIT stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $14.20 per share, for a total transaction of $355,000.00. Following the acquisition, the chief executive officer now directly owns 108,333 shares in the company, valued at $1,538,328.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds and other institutional investors have recently modified their holdings of AHR. Principal Financial Group Inc. acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $88,504,000. Centersquare Investment Management LLC purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at $63,269,000. V3 Capital Management L.P. purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at $42,337,000. Goldentree Asset Management LP purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at $22,125,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at $20,381,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for American Healthcare REIT (NYSE:AHR)

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