American Healthcare REIT, Inc. (NYSE:AHR) Given Average Rating of "Buy" by Brokerages

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have been given an average rating of "Buy" by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $37.14.

Several equities research analysts recently issued reports on AHR shares. Morgan Stanley increased their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Jefferies Financial Group initiated coverage on American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. KeyCorp raised their price target on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th.

American Healthcare REIT Stock Up 0.3%

American Healthcare REIT stock traded up $0.11 during mid-day trading on Friday, hitting $35.85. The company's stock had a trading volume of 4,510,822 shares, compared to its average volume of 1,913,338. The firm's 50 day moving average is $33.60 and its 200 day moving average is $30.41. The company has a market cap of $5.72 billion, a PE ratio of -132.79, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. American Healthcare REIT has a 52-week low of $14.35 and a 52-week high of $36.33.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. On average, analysts anticipate that American Healthcare REIT will post 1.41 earnings per share for the current year.

Institutional Trading of American Healthcare REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHR. Vanguard Group Inc. grew its holdings in American Healthcare REIT by 94.8% in the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after buying an additional 7,474,374 shares during the last quarter. Invesco Ltd. grew its holdings in American Healthcare REIT by 1,543.1% in the 1st quarter. Invesco Ltd. now owns 5,022,455 shares of the company's stock valued at $152,180,000 after buying an additional 4,716,792 shares during the last quarter. Alliancebernstein L.P. grew its holdings in American Healthcare REIT by 350.7% in the 1st quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company's stock valued at $138,149,000 after buying an additional 3,547,635 shares during the last quarter. Nuveen LLC acquired a new stake in American Healthcare REIT in the 1st quarter valued at approximately $68,097,000. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new stake in American Healthcare REIT in the 4th quarter valued at approximately $33,838,000. Institutional investors and hedge funds own 16.68% of the company's stock.

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.