American Healthcare REIT, Inc. (NYSE:AHR) Receives $25.13 Consensus Target Price from Analysts

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.00.

AHR has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. JMP Securities increased their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Bank of America upped their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds and other institutional investors have recently bought and sold shares of AHR. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 54.1% during the third 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 in the last quarter. Wellington Management Group LLP grew its holdings in American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares in the last quarter. State Street Corp grew its holdings in American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after acquiring an additional 2,538,177 shares in the last quarter. FMR LLC bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth about $56,575,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of American Healthcare REIT by 6,875.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after purchasing an additional 1,582,426 shares in the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Up 1.5 %

Shares of AHR opened at $28.17 on Friday. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $29.99. The company’s fifty day moving average is $27.77 and its two-hundred day moving average is $22.77. The firm has a market cap of $4.31 billion and a PE ratio of -58.69. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

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

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

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.