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

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.00.

A number of research firms recently issued reports on AHR. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of American Healthcare REIT in a report on Thursday, May 16th. Truist Financial restated a “buy” rating and set a $17.00 price objective (up previously from $16.00) on shares of American Healthcare REIT in a report on Monday, July 1st.

American Healthcare REIT Stock Performance

NYSE AHR opened at $15.67 on Thursday. American Healthcare REIT has a 52-week low of $12.63 and a 52-week high of $16.93. The stock’s 50-day moving average is $15.33. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.38%.

Insider Activity

In related news, CEO Danny Prosky bought 25,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $14.20 per share, for a total transaction of $355,000.00. Following the completion of the transaction, the chief executive officer now directly owns 108,333 shares in the company, valued at approximately $1,538,328.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds have recently made changes to their positions in the business. CWM LLC purchased a new position in shares of American Healthcare REIT in the second quarter worth $58,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in American Healthcare REIT in the 2nd quarter worth about $110,000. SG Americas Securities LLC bought a new position in American Healthcare REIT in the 2nd quarter worth about $189,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in American Healthcare REIT in the 2nd quarter worth about $217,000. Finally, Arizona State Retirement System bought a new position in American Healthcare REIT in the 2nd quarter worth about $267,000. 16.68% of the stock is currently owned by 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.