Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $33.86

American Healthcare REIT, Inc. (NYSE:AHR) has received an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $33.86.

Several brokerages recently weighed in on AHR. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp lowered their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Morgan Stanley raised their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th.

Institutional Trading of American Healthcare REIT

Several large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH acquired a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $2,687,000. J.W. Cole Advisors Inc. grew its holdings in shares of American Healthcare REIT by 164.0% during the first quarter. J.W. Cole Advisors Inc. now owns 96,936 shares of the company’s stock worth $2,937,000 after purchasing an additional 60,222 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of American Healthcare REIT by 8.5% in the first quarter. Private Advisor Group LLC now owns 33,614 shares of the company’s stock valued at $1,019,000 after buying an additional 2,642 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of American Healthcare REIT by 7.8% in the first quarter. Diversify Advisory Services LLC now owns 37,818 shares of the company’s stock valued at $1,208,000 after buying an additional 2,748 shares during the last quarter. Finally, Creekmur Asset Management LLC lifted its position in American Healthcare REIT by 86.8% during the 1st quarter. Creekmur Asset Management LLC now owns 3,882 shares of the company’s stock worth $118,000 after buying an additional 1,804 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $32.41 on Friday. American Healthcare REIT has a 1-year low of $13.67 and a 1-year high of $32.67. The firm has a fifty day simple moving average of $29.98 and a 200-day simple moving average of $28.60. 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 stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of -67.52, a PEG ratio of 1.57 and a beta of 1.40.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -370.37%.

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.