American Healthcare REIT, Inc. (NYSE:AHR) Receives $23.00 Average PT from Analysts

American Healthcare REIT, Inc. (NYSE:AHR) has earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.00.

Several analysts recently issued reports on the company. KeyCorp increased their price target on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Bank of America raised their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Truist Financial upped their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in American Healthcare REIT by 2.6% in the second quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock worth $89,970,000 after purchasing an additional 157,762 shares in the last quarter. Centersquare Investment Management LLC bought a new position in American Healthcare REIT during the 1st quarter worth approximately $63,269,000. V3 Capital Management L.P. acquired a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $42,337,000. Land & Buildings Investment Management LLC increased its holdings in shares of American Healthcare REIT by 19.3% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock valued at $26,260,000 after acquiring an additional 290,740 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after acquiring an additional 1,582,426 shares in the last quarter. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $24.59 on Tuesday. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $26.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50 day moving average price of $23.14 and a 200 day moving average price of $17.74.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that American Healthcare REIT will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 4.07%.

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.