Brokerages Set American Healthcare REIT, Inc. (NYSE:AHR) Target Price at $26.00

American Healthcare REIT, Inc. (NYSE:AHR) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.00.

A number of brokerages recently issued reports on AHR. Truist Financial increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. 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 report on Monday, November 18th. Morgan Stanley raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th.

Institutional Trading of American Healthcare REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new stake in American Healthcare REIT during the 2nd quarter worth approximately $1,227,000. Renaissance Technologies LLC acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $3,821,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $33,000. Thrivent Financial for Lutherans acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $1,202,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $45,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Trading Up 0.7 %

NYSE AHR opened at $28.91 on Thursday. The company’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $24.20. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $29.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.42 billion and a P/E ratio of -60.22.

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 the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.46%. American Healthcare REIT’s dividend payout ratio (DPR) is -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.