American Healthcare REIT, Inc. (NYSE:AHR) Receives $23.00 Consensus PT from Analysts

American Healthcare REIT, Inc. (NYSE:AHR) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.00.

Several analysts have recently commented on the company. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday, September 20th. Truist Financial upped their target price on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. KeyCorp raised their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Bank of America upped their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Kozak & Associates Inc. bought a new stake in American Healthcare REIT during the 3rd quarter valued at approximately $28,000. Tidemark LLC bought a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $44,000. Kessler Investment Group LLC acquired a new stake in shares of American Healthcare REIT in the third quarter worth $48,000. KBC Group NV bought a new position in American Healthcare REIT during the third quarter worth $51,000. Finally, Kiely Wealth Advisory Group Inc. acquired a new position in American Healthcare REIT during the 2nd quarter valued at $30,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Performance

AHR stock opened at $26.47 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. American Healthcare REIT has a 52-week low of $12.63 and a 52-week high of $27.21. The company’s 50 day simple moving average is $24.85 and its 200-day simple moving average is $18.98.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Friday, September 20th.

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.