American Healthcare REIT, Inc. (NYSE:AHR) Receives $26.00 Average PT from Analysts

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $26.00.

A number of research analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Truist Financial boosted their price objective 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. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Finally, Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th.

American Healthcare REIT Stock Down 4.1 %

Shares of AHR opened at $28.41 on Thursday. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $29.99. The firm has a market cap of $4.35 billion and a P/E ratio of -59.19. The firm’s 50-day simple moving average is $28.37 and its 200 day simple moving average is $24.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts forecast that American Healthcare REIT will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Institutional Trading of American Healthcare REIT

A number of institutional investors and hedge funds have recently made changes to their positions in AHR. Principal Financial Group Inc. increased its position in 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 purchasing an additional 3,330,714 shares in the last quarter. Wellington Management Group LLP increased its position 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 purchasing an additional 2,747,960 shares in the last quarter. State Street Corp increased its position 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 purchasing an additional 2,538,177 shares in the last quarter. FMR LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth approximately $56,575,000. Finally, Commonwealth Equity Services LLC increased its position in 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 worth $41,902,000 after purchasing an additional 1,582,426 shares in the last quarter. Institutional investors own 16.68% of the company’s stock.

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.