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

American Healthcare REIT, Inc. (NYSE:AHR) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.13.

Several equities analysts recently issued reports on AHR shares. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. 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 note on Monday, September 16th. Royal Bank of Canada lifted their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, JMP Securities boosted their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in American Healthcare REIT by 15.9% during the third quarter. JPMorgan Chase & Co. now owns 917,636 shares of the company’s stock worth $23,950,000 after purchasing an additional 125,641 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares during the last quarter. Franklin Resources Inc. grew its stake in American Healthcare REIT by 13.7% in the 3rd quarter. Franklin Resources Inc. now owns 167,185 shares of the company’s stock valued at $4,129,000 after acquiring an additional 20,174 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT during the 3rd quarter valued at about $28,000. Finally, World Investment Advisors LLC acquired a new position in American Healthcare REIT during the third quarter worth about $946,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $28.48 on Friday. The stock has a market cap of $4.36 billion and a P/E ratio of -59.33. American Healthcare REIT has a twelve month low of $12.63 and a twelve month high of $29.99. The stock has a 50 day moving average of $27.48 and a two-hundred day moving average of $22.36. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, research analysts forecast that American Healthcare REIT will post 1.42 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.51%. American Healthcare REIT’s payout ratio is currently -208.33%.

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.