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

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have been given a consensus recommendation of "Buy" by the eight analysts that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $33.86.

Several analysts have recently weighed in on the stock. 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. Morgan Stanley increased their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Jefferies Financial Group initiated coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 target price on the stock. Finally, JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research report on Tuesday, March 4th.

American Healthcare REIT Trading Down 1.3 %

Shares of American Healthcare REIT stock traded down $0.44 on Friday, reaching $32.22. The company had a trading volume of 187,968 shares, compared to its average volume of 1,793,484. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The firm's 50-day moving average price is $30.08 and its two-hundred day moving average price is $28.65. American Healthcare REIT has a 1 year low of $13.67 and a 1 year high of $33.17. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -67.13, a P/E/G ratio of 1.57 and a beta of 1.40.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.10%. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 purchasing an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. raised its holdings in American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after buying an additional 3,330,714 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new position in American Healthcare REIT during the 4th quarter worth $33,838,000. Geode Capital Management LLC grew its holdings in American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after buying an additional 1,172,670 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of American Healthcare REIT by 99.0% in the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after acquiring an additional 861,882 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.

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.