Brokerages Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $37.14

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

Several brokerages have weighed in on AHR. Royal Bank Of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp boosted their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Finally, Truist Financial lifted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 9th.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at $25,000. Richardson Capital Management LLC acquired a new position in American Healthcare REIT in the fourth quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of American Healthcare REIT by 189.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after acquiring an additional 633 shares in the last quarter. Spirit of America Management Corp NY bought a new stake in shares of American Healthcare REIT in the first quarter worth about $30,000. Finally, Avalon Trust Co acquired a new stake in shares of American Healthcare REIT during the first quarter worth about $36,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $36.12 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $33.97 and a 200 day simple moving average of $30.55. American Healthcare REIT has a fifty-two week low of $14.35 and a fifty-two week high of $36.96. The firm has a market cap of $5.76 billion, a P/E ratio of -133.79, a P/E/G ratio of 2.03 and a beta of 1.21.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. Sell-side analysts predict that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Monday, June 30th. American Healthcare REIT’s payout ratio is presently -370.37%.

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.