Brokerages Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $26.00

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several equities research analysts recently issued reports 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 boosted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Finally, Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th.

Institutional Investors Weigh In On American Healthcare REIT

A number of institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in American Healthcare REIT by 118.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of American Healthcare REIT by 79.8% in the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after purchasing an additional 41,755 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter valued at about $568,000. Swiss National Bank grew its stake in American Healthcare REIT by 126.6% during the third quarter. Swiss National Bank now owns 291,400 shares of the company’s stock worth $7,606,000 after purchasing an additional 162,800 shares during the period. Finally, Hilton Capital Management LLC bought a new stake in American Healthcare REIT in the third quarter worth approximately $4,777,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Trading Up 1.5 %

Shares of AHR stock opened at $29.34 on Thursday. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $29.99. The stock’s fifty day moving average price is $28.29 and its two-hundred day moving average price is $24.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $4.49 billion and a PE ratio of -61.13.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share 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 analyst estimates 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 firm’s revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

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.