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

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) has received a consensus recommendation of "Buy" from the eight ratings firms that are covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $35.00.

A number of research firms have recently commented on AHR. 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 target on American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp cut their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Jefferies Financial Group started coverage on American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price objective for the company.

American Healthcare REIT Stock Performance

NYSE:AHR traded up $0.12 during trading hours on Wednesday, reaching $34.83. The stock had a trading volume of 1,177,500 shares, compared to its average volume of 1,859,973. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50 day simple moving average of $31.70 and a 200 day simple moving average of $29.61. American Healthcare REIT has a 12-month low of $14.07 and a 12-month high of $35.97. The stock has a market cap of $5.56 billion, a P/E ratio of -72.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same period last year, the company earned $0.30 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts forecast that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio (DPR) is currently -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in American Healthcare REIT during the fourth quarter worth about $758,000. Strategic Financial Concepts LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter worth about $331,000. Nisa Investment Advisors LLC increased its holdings in shares of American Healthcare REIT by 82.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company's stock worth $1,069,000 after buying an additional 16,948 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of American Healthcare REIT by 139.7% in the fourth quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company's stock worth $20,714,000 after buying an additional 424,773 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of American Healthcare REIT by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock worth $60,964,000 after buying an additional 237,139 shares during the period. Institutional investors 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.