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

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) has been given a consensus rating of "Buy" by the eight ratings firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $33.86.

AHR has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. Finally, Morgan Stanley lifted their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded up $0.07 during midday trading on Friday, reaching $32.48. 983,925 shares of the stock were exchanged, compared to its average volume of 1,790,359. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $29.98 and a two-hundred day simple moving average of $28.60. American Healthcare REIT has a twelve month low of $13.67 and a twelve month high of $32.80. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of -67.67, a PEG ratio of 1.57 and a beta of 1.40.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.08%. American Healthcare REIT's payout ratio is -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

A number of large investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC acquired a new position in American Healthcare REIT during the first quarter worth $25,000. MassMutual Private Wealth & Trust FSB boosted its position 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 valued at $29,000 after acquiring an additional 633 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after purchasing an additional 504 shares during the period. Spirit of America Management Corp NY acquired a new stake in American Healthcare REIT during the first quarter worth about $30,000. Finally, Richardson Capital Management LLC purchased a new position in American Healthcare REIT during the fourth quarter worth about $29,000. 16.68% of the stock is currently 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.