American Healthcare REIT’s (AHR) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of American Healthcare REIT (NYSE:AHR) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $34.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on AHR. Morgan Stanley raised their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $30.83.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $29.59 on Wednesday. American Healthcare REIT has a 12-month low of $12.81 and a 12-month high of $30.97. The stock has a market cap of $4.66 billion and a P/E ratio of -61.64. The company has a 50-day moving average price of $28.75 and a 200 day moving average price of $27.26. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s payout ratio is -370.37%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. GAMMA Investing LLC boosted its stake in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter valued at approximately $29,000. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter valued at approximately $29,000. Finally, Quarry LP purchased a new position in American Healthcare REIT in the third quarter worth approximately $33,000. Hedge funds and other 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.