American Healthcare REIT, Inc. (NYSE:AHR) Receives Average Recommendation of “Moderate Buy” from Analysts

American Healthcare REIT, Inc. (NYSE:AHR) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.88.

AHR has been the subject of a number of research analyst reports. Truist Financial decreased their target price on American Healthcare REIT from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Citigroup initiated coverage on American Healthcare REIT in a research report on Monday, March 4th. They set a “neutral” rating and a $14.00 price objective for the company. Morgan Stanley initiated coverage on American Healthcare REIT in a research report on Monday, March 4th. They set an “overweight” rating and a $17.00 price objective for the company. Barclays initiated coverage on American Healthcare REIT in a research report on Thursday, March 14th. They set an “overweight” rating and a $18.00 price objective for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of American Healthcare REIT in a research report on Monday, March 25th.

Insider Buying and Selling

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

Institutional Trading of American Healthcare REIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Peak Financial Advisors LLC acquired a new stake in shares of American Healthcare REIT in the first quarter valued at approximately $416,000. Seven Grand Managers LLC acquired a new stake in shares of American Healthcare REIT in the first quarter valued at approximately $1,032,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of American Healthcare REIT in the first quarter valued at approximately $7,694,000. Finally, Peregrine Capital Management LLC acquired a new stake in shares of American Healthcare REIT in the first quarter valued at approximately $7,763,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

NYSE:AHR opened at $13.68 on Tuesday. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $14.90. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.94. The firm has a 50-day simple moving average of $13.75.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were issued 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 yield of 7.31%.

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.