American Healthcare REIT, Inc. (NYSE:AHR) Receives $16.00 Average Price Target from Brokerages

American Healthcare REIT, Inc. (NYSE:AHR) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.00.

AHR has been the topic of several research reports. Barclays initiated coverage on American Healthcare REIT in a research report on Thursday, March 14th. They set an “overweight” rating and a $18.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of American Healthcare REIT in a research note on Thursday, May 16th. Finally, Truist Financial reissued a “buy” rating and set a $17.00 price objective (up previously from $16.00) on shares of American Healthcare REIT in a research report on Monday, July 1st.

Insiders Place Their Bets

In other American Healthcare REIT news, CEO Danny Prosky acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average cost of $14.20 per share, with a total value of $355,000.00. Following the transaction, the chief executive officer now owns 108,333 shares of the company’s stock, valued at approximately $1,538,328.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On American Healthcare REIT

A number of hedge funds have recently bought and sold shares of the business. Manning & Napier Advisors LLC bought a new stake in shares of American Healthcare REIT in the second quarter worth approximately $3,317,000. CWM LLC bought a new stake in American Healthcare REIT in the 2nd quarter worth approximately $58,000. Lasalle Investment Management Securities LLC purchased a new stake in American Healthcare REIT during the 1st quarter valued at $10,643,000. Goldentree Asset Management LP bought a new position in shares of American Healthcare REIT during the 1st quarter valued at $22,125,000. Finally, Virtu Financial LLC purchased a new position in shares of American Healthcare REIT in the 1st quarter worth $308,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 3.0 %

Shares of AHR opened at $15.99 on Friday. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.33 and a current ratio of 0.33. The company’s 50-day moving average is $14.60.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.25%. The ex-dividend date is Thursday, June 27th.

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.