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

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) announced a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.25 per share on Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, June 30th.

American Healthcare REIT Stock Down 0.1%

American Healthcare REIT stock traded down $0.04 during midday trading on Thursday, reaching $36.12. The stock had a trading volume of 1,297,971 shares, compared to its average volume of 1,916,946. The firm's fifty day simple moving average is $33.97 and its 200-day simple moving average is $30.55. American Healthcare REIT has a 1-year low of $14.35 and a 1-year high of $36.96. The stock has a market capitalization of $5.76 billion, a P/E ratio of -133.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. As a group, analysts expect that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in American Healthcare REIT by 170.1% in the 1st quarter. AQR Capital Management LLC now owns 25,275 shares of the company's stock valued at $766,000 after buying an additional 15,918 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of American Healthcare REIT during the first quarter worth approximately $185,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of American Healthcare REIT by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,521 shares of the company's stock valued at $2,743,000 after purchasing an additional 3,954 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of American Healthcare REIT by 9.4% in the first quarter. NewEdge Advisors LLC now owns 23,509 shares of the company's stock valued at $712,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of American Healthcare REIT by 6.6% during the first quarter. Focus Partners Wealth now owns 25,809 shares of the company's stock worth $782,000 after purchasing an additional 1,591 shares during the period. Institutional investors and hedge funds own 16.68% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AHR. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank Of Canada reissued an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Jefferies Financial Group began coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price target for the company. KeyCorp boosted their price target on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $37.14.

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.