American Healthcare REIT (NYSE:AHR) Stock Price Up 1.7%

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) shot up 1.7% during mid-day trading on Friday . The company traded as high as $13.55 and last traded at $13.49. 823,491 shares were traded during trading, a decline of 14% from the average session volume of 954,839 shares. The stock had previously closed at $13.26.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AHR. KeyCorp began coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They set an "overweight" rating and a $16.00 price objective on the stock. Citigroup began coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They set a "neutral" rating and a $14.00 price objective on the stock. Morgan Stanley began coverage on shares of American Healthcare REIT in a report on Monday, March 4th. They issued an "overweight" rating and a $17.00 target price on the stock. Royal Bank of Canada began coverage on shares of American Healthcare REIT in a report on Monday, March 4th. They issued an "outperform" rating and a $15.00 target price on the stock. Finally, Bank of America began coverage on shares of American Healthcare REIT in a report on Monday, March 4th. They issued a "buy" rating and a $15.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.88.

American Healthcare REIT Stock Performance

The business's 50 day moving average price is $13.78.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 7.34%.

Insider Buying and Selling at American Healthcare REIT

In other news, Director Mathieu B. Streiff acquired 83,333 shares of the firm's stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $12.00 per share, for a total transaction of $999,996.00. Following the purchase, the director now owns 90,740 shares in the company, valued at approximately $1,088,880. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On American Healthcare REIT

An institutional investor recently bought a new position in American Healthcare REIT stock. Peak Financial Advisors LLC purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 28,205 shares of the company's stock, valued at approximately $416,000. 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.