American Healthcare REIT, Inc. (NYSE:AHR) Receives Consensus Rating of “Buy” from Analysts

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been assigned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $40.4444.

A number of research analysts recently commented on the company. JMP Securities raised their price target on American Healthcare REIT from $40.00 to $45.00 and gave the stock a “market outperform” rating in a research report on Monday, August 11th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research report on Monday, April 28th. They issued a “buy” rating and a $37.00 price target on the stock. Royal Bank Of Canada set a $45.00 price target on American Healthcare REIT and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Scotiabank started coverage on American Healthcare REIT in a research report on Monday, June 30th. They issued a “sector outperform” rating and a $42.00 target price on the stock. Finally, KeyCorp lifted their target price on American Healthcare REIT from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th.

Insider Activity at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive directly owned 95,671 shares of the company’s stock, valued at $3,453,723.10. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Healthcare REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in AHR. GAMMA Investing LLC lifted its stake in American Healthcare REIT by 22.1% in the second quarter. GAMMA Investing LLC now owns 1,716 shares of the company’s stock valued at $63,000 after buying an additional 311 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in American Healthcare REIT by 1.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company’s stock valued at $1,086,000 after buying an additional 393 shares during the period. California State Teachers Retirement System lifted its stake in American Healthcare REIT by 0.3% in the second quarter. California State Teachers Retirement System now owns 140,769 shares of the company’s stock valued at $5,172,000 after buying an additional 406 shares during the period. Lion Street Advisors LLC lifted its stake in American Healthcare REIT by 6.2% in the second quarter. Lion Street Advisors LLC now owns 7,373 shares of the company’s stock valued at $271,000 after buying an additional 430 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in American Healthcare REIT by 3.2% in the first quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company’s stock valued at $435,000 after buying an additional 444 shares during the period. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Stock Up 0.1%

AHR opened at $40.45 on Monday. American Healthcare REIT has a fifty-two week low of $18.49 and a fifty-two week high of $41.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market capitalization of $6.82 billion, a P/E ratio of -183.86, a P/E/G ratio of 2.24 and a beta of 1.08. The stock has a fifty day moving average of $37.43 and a 200-day moving average of $33.13.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%. The company had revenue of $542.50 million for the quarter, compared to analysts’ expectations of $539.49 million. During the same quarter last year, the business earned $0.33 earnings per share. American Healthcare REIT’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that American Healthcare REIT will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT’s payout ratio is currently -454.55%.

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.