American Healthcare REIT, Inc. (NYSE:AHR) Receives $15.88 Consensus Price Target from Brokerages

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $15.88.

Several equities analysts recently commented on the company. KeyCorp assumed coverage on American Healthcare REIT in a research note on Monday, March 4th. They issued an “overweight” rating and a $16.00 price objective on the stock. Bank of America assumed coverage on American Healthcare REIT in a research note on Monday, March 4th. They issued a “buy” rating and a $15.00 price objective on the stock. Morgan Stanley assumed coverage on American Healthcare REIT in a research note on Monday, March 4th. They issued an “overweight” rating and a $17.00 price objective on the stock. Barclays assumed coverage on American Healthcare REIT in a research note on Thursday, March 14th. They issued an “overweight” rating and a $18.00 price objective on the stock. Finally, Truist Financial dropped their price objective on American Healthcare REIT from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd.

Insiders Place Their Bets

In related news, Director Mathieu B. Streiff bought 83,333 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $999,996.00. Following the completion of the transaction, the director now directly owns 90,740 shares in the company, valued at approximately $1,088,880. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On American Healthcare REIT

Several institutional investors have recently made changes to their positions in AHR. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of American Healthcare REIT in the first quarter worth $7,694,000. Peak Financial Advisors LLC purchased a new stake in shares of American Healthcare REIT in the first quarter worth $416,000. Peregrine Capital Management LLC purchased a new stake in shares of American Healthcare REIT in the first quarter worth $7,763,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of American Healthcare REIT in the first quarter worth $1,032,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Down 0.1 %

AHR stock opened at $13.68 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a 50 day simple moving average of $13.75. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $14.90.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 7.31%.

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.