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

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.88.

A number of equities research analysts have issued reports on AHR shares. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of American Healthcare REIT in a research report on Thursday, May 16th. Royal Bank of Canada started coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They issued an “outperform” rating and a $15.00 price objective on the stock. Barclays assumed coverage on shares of American Healthcare REIT in a research note on Thursday, March 14th. They set an “overweight” rating and a $18.00 target price for the company. Morgan Stanley initiated coverage on American Healthcare REIT in a research note on Monday, March 4th. They issued an “overweight” rating and a $17.00 price target on the stock. Finally, Bank of America initiated coverage on American Healthcare REIT in a research report on Monday, March 4th. They set a “buy” rating and a $15.00 price objective for the company.

Insiders Place Their Bets

In other news, CEO Danny Prosky acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $14.20 per share, with a total value of $355,000.00. Following the completion of the acquisition, the chief executive officer now owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of American Healthcare REIT during the first quarter worth about $308,000. Kodai Capital Management LP acquired a new stake in American Healthcare REIT during the 1st quarter worth approximately $336,000. Peak Financial Advisors LLC purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at approximately $416,000. Quadrature Capital Ltd acquired a new position in shares of American Healthcare REIT in the first quarter valued at approximately $914,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of American Healthcare REIT during the first quarter worth approximately $1,032,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Down 0.9 %

Shares of NYSE AHR opened at $14.72 on Wednesday. The company has a fifty day moving average of $14.03. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $15.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.33 and a current ratio of 0.33.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.79%.

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.