Brokerages Set American Healthcare REIT, Inc. (NYSE:AHR) Target Price at $15.88

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $15.88.

AHR has been the topic of several research analyst reports. KeyCorp initiated coverage on American Healthcare REIT in a research report on Monday, March 4th. They set an "overweight" rating and a $16.00 price target on the stock. Barclays initiated coverage on American Healthcare REIT in a research report on Thursday, March 14th. They set an "overweight" rating and a $18.00 price target on the stock. JMP Securities reiterated a "market outperform" rating and set a $16.00 price target on shares of American Healthcare REIT in a research report on Monday, March 25th. Royal Bank of Canada initiated coverage on American Healthcare REIT in a research report on Monday, March 4th. They set an "outperform" rating and a $15.00 price target on the stock. Finally, Morgan Stanley initiated coverage on American Healthcare REIT in a research report on Monday, March 4th. They set an "overweight" rating and a $17.00 price target on the stock.

Insider Activity

In other American Healthcare REIT news, Director Mathieu B. Streiff purchased 83,333 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $999,996.00. Following the completion of the acquisition, the director now owns 90,740 shares of the company's stock, valued at approximately $1,088,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Peak Financial Advisors LLC purchased a new position in American Healthcare REIT in the first quarter valued at about $416,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in American Healthcare REIT in the first quarter valued at about $7,694,000. Finally, Seven Grand Managers LLC purchased a new position in American Healthcare REIT in the first quarter valued at about $1,032,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Up 2.8 %

AHR traded up $0.37 during trading hours on Tuesday, hitting $13.62. The company's stock had a trading volume of 733,387 shares, compared to its average volume of 947,667. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $14.90. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.19 and a quick ratio of 0.19. The business's 50-day moving average is $13.75.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend was Wednesday, March 27th.

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.