American Healthcare REIT, Inc. (NYSE:AHR) Receives Average Recommendation of "Buy" from Brokerages

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have received a consensus rating of "Buy" from the eight research firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $37.14.

AHR has been the subject of several research analyst reports. JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. KeyCorp increased their price objective 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. Finally, Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 target price on the stock.

American Healthcare REIT Price Performance

Shares of AHR stock traded down $0.22 during mid-day trading on Friday, hitting $36.18. The company had a trading volume of 1,524,329 shares, compared to its average volume of 1,917,923. 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 price is $33.97 and its 200-day moving average price is $30.55. American Healthcare REIT has a 52-week low of $14.35 and a 52-week high of $36.96. The company has a market capitalization of $5.77 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.04 and a beta of 1.21.

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

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, June 30th. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

A number of large investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in American Healthcare REIT in the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after acquiring an additional 633 shares during the last quarter. Spirit of America Management Corp NY bought a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $30,000. Richardson Capital Management LLC purchased a new position in American Healthcare REIT during the 4th quarter valued at $29,000. Finally, Avalon Trust Co bought a new position in American Healthcare REIT in the 1st quarter valued at $36,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

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.