Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) PT at $37.14

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been given an average recommendation of “Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $37.14.

AHR has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on American Healthcare REIT from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 20th. Truist Financial lifted their price objective on American Healthcare REIT from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th.

American Healthcare REIT Trading Down 0.6%

American Healthcare REIT stock opened at $36.40 on Friday. The stock has a market cap of $5.81 billion, a PE ratio of -134.79, a P/E/G ratio of 2.06 and a beta of 1.21. The stock has a 50-day moving average price of $33.86 and a 200 day moving average price of $30.51. American Healthcare REIT has a 52 week low of $14.35 and a 52 week high of $36.96. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results 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. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same period last year, the company earned $0.30 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts predict that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

Institutional Trading of American Healthcare REIT

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of American Healthcare REIT by 42.2% during 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. Benjamin Edwards Inc. lifted its holdings in shares of American Healthcare REIT by 3.2% during the first quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company’s stock valued at $435,000 after purchasing an additional 444 shares during the last quarter. Xponance Inc. lifted its holdings in shares of American Healthcare REIT by 4.3% during the first quarter. Xponance Inc. now owns 11,489 shares of the company’s stock valued at $348,000 after purchasing an additional 470 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of American Healthcare REIT by 2.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 22,663 shares of the company’s stock valued at $687,000 after purchasing an additional 543 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of American Healthcare REIT by 14.4% during the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock valued at $134,000 after purchasing an additional 591 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

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.