Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $37.75

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have received an average rating of "Buy" from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $38.11.

A number of equities research analysts recently commented on AHR shares. Morgan Stanley boosted their target price on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Robert W. Baird began coverage on American Healthcare REIT in a research note on Friday. They issued an "outperform" rating and a $41.00 price objective on the stock. Truist Financial increased their target price on American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. Finally, Scotiabank started coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective for the company.

Insider Buying and Selling

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the sale, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AHR. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 22.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,716 shares of the company's stock valued at $63,000 after acquiring an additional 311 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of American Healthcare REIT by 1.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company's stock valued at $1,086,000 after purchasing an additional 393 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of American Healthcare REIT by 3.2% in the first quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company's stock worth $435,000 after purchasing an additional 444 shares during the last quarter. Xponance Inc. increased its stake in American Healthcare REIT by 4.3% in the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after buying an additional 470 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in American Healthcare REIT by 2.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 22,663 shares of the company's stock valued at $687,000 after buying an additional 543 shares in the last quarter. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Price Performance

Shares of NYSE:AHR traded up $0.56 during trading on Thursday, hitting $37.82. 953,688 shares of the company's stock were exchanged, compared to its average volume of 1,892,066. The business's 50-day simple moving average is $35.64 and its 200 day simple moving average is $31.49. The company has a market cap of $6.03 billion, a price-to-earnings ratio of -140.07, a PEG ratio of 2.10 and a beta of 1.09. American Healthcare REIT has a 52-week low of $14.79 and a 52-week high of $38.12. 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 (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. American Healthcare REIT's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. As a group, equities analysts predict that American Healthcare REIT will post 1.41 EPS 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 issued a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

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.