American Healthcare REIT, Inc. (NYSE:AHR) Declares $0.25 Quarterly Dividend

American Healthcare REIT, Inc. (NYSE:AHR) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share on Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, December 31st.

American Healthcare REIT Trading Down 0.6 %

AHR traded down $0.17 during midday trading on Thursday, hitting $27.21. 1,991,666 shares of the company were exchanged, compared to its average volume of 1,529,254. The firm’s 50 day moving average price is $27.02 and its 200-day moving average price is $21.71. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $29.99. The firm has a market capitalization of $4.16 billion and a P/E ratio of -56.69. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. JMP Securities upped their target price 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. Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley raised their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

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.