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

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.13.

Several equities research analysts recently issued reports on the stock. JMP Securities lifted their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley increased their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Bank of America raised their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th.

Institutional Investors Weigh In On American Healthcare REIT

A number of institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after acquiring an additional 654 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $28,000. Kozak & Associates Inc. bought a new position in American Healthcare REIT during the 3rd quarter worth $28,000. Quarry LP acquired a new stake in American Healthcare REIT in the third quarter worth $33,000. Finally, Tidemark LLC bought a new stake in American Healthcare REIT in the third quarter valued at $44,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 0.2 %

Shares of AHR opened at $28.90 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT has a 12 month low of $12.63 and a 12 month high of $29.99. The stock has a market cap of $4.42 billion and a PE ratio of -60.21. The stock’s 50-day moving average is $26.39 and its two-hundred day moving average is $20.67.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue was up 12.8% on a year-over-year basis. Equities analysts forecast that American Healthcare REIT will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend 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.