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

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 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th.

American Healthcare REIT Trading Up 2.3%

Shares of AHR traded up $0.83 during midday trading on Monday, hitting $36.70. The stock had a trading volume of 2,445,012 shares, compared to its average volume of 1,915,960. American Healthcare REIT has a 1 year low of $14.35 and a 1 year high of $37.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. The stock's 50 day moving average is $33.60 and its 200 day moving average is $30.41. The firm has a market cap of $5.85 billion, a PE ratio of -135.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.

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

Institutional Trading of American Healthcare REIT

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in American Healthcare REIT during the first quarter worth about $185,000. NewEdge Advisors LLC grew its stake in shares of American Healthcare REIT by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 23,509 shares of the company's stock worth $712,000 after purchasing an additional 2,011 shares during the period. AQR Capital Management LLC increased its holdings in shares of American Healthcare REIT by 170.1% during the 1st quarter. AQR Capital Management LLC now owns 25,275 shares of the company's stock valued at $766,000 after purchasing an additional 15,918 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of American Healthcare REIT by 6.6% in the 1st quarter. Focus Partners Wealth now owns 25,809 shares of the company's stock valued at $782,000 after purchasing an additional 1,591 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in American Healthcare REIT by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,521 shares of the company's stock worth $2,743,000 after buying an additional 3,954 shares in the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp raised their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Truist Financial boosted their price objective on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price 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.

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