American Healthcare REIT, Inc. (NYSE:AHR) Given Average Rating of “Moderate Buy” by Brokerages

American Healthcare REIT, Inc. (NYSE:AHR) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $26.00.

A number of equities research analysts have commented on AHR shares. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Truist Financial raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada upped their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. JMP Securities boosted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Finally, Bank of America raised their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th.

American Healthcare REIT Stock Performance

NYSE AHR opened at $27.75 on Friday. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $29.99. The company has a 50 day moving average of $27.72 and a 200-day moving average of $22.68. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4.25 billion and a price-to-earnings ratio of -57.81.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts forecast that American Healthcare REIT will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.60%. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

Institutional Trading of American Healthcare REIT

A number of hedge funds have recently modified their holdings of the company. Kozak & Associates Inc. bought a new position in American Healthcare REIT during the third quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of American Healthcare REIT during the 2nd quarter valued at about $30,000. Amalgamated Bank acquired a new position in shares of American Healthcare REIT in the 2nd quarter valued at approximately $33,000. Finally, Quarry LP bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $33,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

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.