American Healthcare REIT, Inc. (NYSE:AHR) Declares Quarterly Dividend of $0.25

American Healthcare REIT, Inc. (NYSE:AHR) announced a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.25 per share on Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th.

American Healthcare REIT Price Performance

AHR stock opened at $36.70 on Tuesday. American Healthcare REIT has a 1 year low of $14.35 and a 1 year high of $37.14. The firm has a market capitalization of $5.85 billion, a P/E ratio of -135.92, a P/E/G ratio of 2.02 and a beta of 1.22. 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 business’s 50-day moving average is $33.73 and its two-hundred day moving average is $30.47.

American Healthcare REIT (NYSE:AHR) last released 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. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The business had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts anticipate that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley increased their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. KeyCorp lifted their price target on American Healthcare REIT from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 11th. JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Truist Financial lifted their target price 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. Finally, Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $37.14.

Institutional Trading of American Healthcare REIT

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in shares of American Healthcare REIT in the first quarter valued at approximately $185,000. NewEdge Advisors LLC raised its holdings in American Healthcare REIT by 9.4% during the first quarter. NewEdge Advisors LLC now owns 23,509 shares of the company’s stock worth $712,000 after purchasing an additional 2,011 shares during the last quarter. AQR Capital Management LLC raised its holdings in American Healthcare REIT by 170.1% during the first quarter. AQR Capital Management LLC now owns 25,275 shares of the company’s stock worth $766,000 after purchasing an additional 15,918 shares during the last quarter. Focus Partners Wealth raised its holdings in American Healthcare REIT by 6.6% during the first quarter. Focus Partners Wealth now owns 25,809 shares of the company’s stock worth $782,000 after purchasing an additional 1,591 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in American Healthcare REIT by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,521 shares of the company’s stock worth $2,743,000 after purchasing an additional 3,954 shares during the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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.