American Healthcare REIT, Inc. (NYSE:AHR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.88.

A number of analysts have weighed in on the company. Bank of America assumed coverage on American Healthcare REIT in a research report on Monday, March 4th. They issued a “buy” rating and a $15.00 price target for the company. Barclays initiated coverage on shares of American Healthcare REIT in a research report on Thursday, March 14th. They issued an “overweight” rating and a $18.00 price target on the stock. Citigroup initiated coverage on shares of American Healthcare REIT in a report on Monday, March 4th. They set a “neutral” rating and a $14.00 price objective for the company. KeyCorp assumed coverage on shares of American Healthcare REIT in a report on Monday, March 4th. They issued an “overweight” rating and a $16.00 target price on the stock. Finally, Royal Bank of Canada began coverage on shares of American Healthcare REIT in a report on Monday, March 4th. They set an “outperform” rating and a $15.00 price target for the company.

Insider Activity at American Healthcare REIT

In other news, Director Mathieu B. Streiff acquired 83,333 shares of American Healthcare REIT stock in a transaction on Friday, February 9th. The stock was bought at an average price of $12.00 per share, for a total transaction of $999,996.00. Following the transaction, the director now owns 90,740 shares of the company’s stock, valued at $1,088,880. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in American Healthcare REIT stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 521,610 shares of the company’s stock, valued at approximately $7,694,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.40% of American Healthcare REIT as of its most recent SEC filing. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $13.24 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.94. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $14.90. The firm’s fifty day simple moving average is $13.75.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend was Wednesday, March 27th.

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.