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

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) has received a consensus recommendation of "Buy" from the eleven brokerages that are covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $38.11.

A number of research analysts have recently commented on AHR shares. Robert W. Baird started coverage on shares of American Healthcare REIT in a report on Friday. They issued an "outperform" rating and a $41.00 target price for the company. KeyCorp raised their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Morgan Stanley raised their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Truist Financial raised their price objective on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Scotiabank assumed coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price objective for the company.

American Healthcare REIT Stock Performance

Shares of AHR stock traded up $0.56 on Thursday, hitting $37.82. The company's stock had a trading volume of 953,708 shares, compared to its average volume of 1,901,960. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The stock's 50 day moving average is $35.70 and its 200-day moving average is $31.58. American Healthcare REIT has a fifty-two week low of $14.79 and a fifty-two week high of $38.12. The company has a market capitalization of $6.03 billion, a PE ratio of -140.07, a PEG ratio of 2.13 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm 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%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. Equities research analysts expect that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Insider Activity at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT stock in a transaction on Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the sale, the executive directly owned 95,671 shares in the company, valued at $3,453,723.10. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by insiders.

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its holdings in shares of American Healthcare REIT by 57.9% during the first quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock worth $487,000 after purchasing an additional 5,891 shares in the last quarter. GAMMA Investing LLC lifted its position in American Healthcare REIT by 42.2% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after purchasing an additional 417 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in American Healthcare REIT in the first quarter valued at approximately $332,000. Sequoia Financial Advisors LLC bought a new position in shares of American Healthcare REIT during the first quarter valued at approximately $476,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of American Healthcare REIT by 25.7% during the first quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company's stock valued at $530,000 after acquiring an additional 3,578 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

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.