American Healthcare REIT, Inc. (NYSE:AHR) Given Average Recommendation of “Moderate Buy” by Brokerages

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

Several brokerages recently issued reports on AHR. Truist Financial boosted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Bank of America boosted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. JMP Securities boosted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. KeyCorp upped their price target on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Morgan Stanley upped their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd.

American Healthcare REIT Stock Up 0.5 %

Shares of AHR stock opened at $24.70 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $22.31 and a 200-day moving average of $17.36. American Healthcare REIT has a one year low of $12.63 and a one year high of $26.77.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The company had revenue of $504.60 million during the quarter, compared to the consensus estimate 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 was up 7.9% on a year-over-year basis. Analysts anticipate that American Healthcare REIT will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Friday, September 20th.

Institutional Investors Weigh In On American Healthcare REIT

A number of large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in American Healthcare REIT by 2.6% in the 2nd quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock valued at $89,970,000 after acquiring an additional 157,762 shares during the period. Centersquare Investment Management LLC bought a new stake in American Healthcare REIT in the 1st quarter valued at $63,269,000. V3 Capital Management L.P. bought a new stake in American Healthcare REIT in the 1st quarter valued at $42,337,000. Land & Buildings Investment Management LLC increased its position in American Healthcare REIT by 19.3% during the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock worth $26,260,000 after buying an additional 290,740 shares during the period. Finally, Goldentree Asset Management LP bought a new position in American Healthcare REIT during the 1st quarter worth $22,125,000. Institutional investors own 16.68% of the company’s stock.

About American Healthcare REIT

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.