American Healthcare REIT, Inc. (NYSE:AHR) Receives $20.38 Average Price Target from Analysts

American Healthcare REIT, Inc. (NYSE:AHR) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.00.

Several research firms have recently issued reports on AHR. Morgan Stanley upped their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America upped their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday. JMP Securities lifted their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, Truist Financial lifted their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th.

Institutional Trading of American Healthcare REIT

Several hedge funds have recently made changes to their positions in AHR. Kiely Wealth Advisory Group Inc. bought a new position in shares of American Healthcare REIT during the 2nd quarter worth $30,000. Amalgamated Bank purchased a new position in shares of American Healthcare REIT in the second quarter worth about $33,000. Semmax Financial Advisors Inc. purchased a new position in shares of American Healthcare REIT in the second quarter worth about $45,000. CWM LLC purchased a new stake in shares of American Healthcare REIT during the 2nd quarter valued at approximately $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of American Healthcare REIT during the 2nd quarter valued at approximately $110,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Trading Down 1.1 %

Shares of NYSE AHR opened at $26.16 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $26.77. The firm’s 50-day simple moving average is $20.22 and its 200 day simple moving average is $16.40.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). The company had revenue of $504.60 million for the quarter, compared to analysts’ expectations of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts forecast that American Healthcare REIT will post 1.29 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.82%.

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.