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

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat.com 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 12-month price target among brokerages that have covered the stock in the last year is $15.88.

A number of brokerages recently commented on AHR. Truist Financial lowered their price objective on shares of American Healthcare REIT from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price target on shares of American Healthcare REIT in a research note on Thursday, May 16th. Barclays assumed coverage on shares of American Healthcare REIT in a research note on Thursday, March 14th. They set an “overweight” rating and a $18.00 price target on the stock. KeyCorp assumed coverage on shares of American Healthcare REIT in a research note on Monday, March 4th. They set an “overweight” rating and a $16.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on shares of American Healthcare REIT in a research note on Monday, March 4th. They set an “outperform” rating and a $15.00 price target on the stock.

American Healthcare REIT Trading Up 1.0 %

Shares of AHR opened at $14.00 on Friday. The company has a 50-day moving average of $13.89. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.60. American Healthcare REIT has a 52-week low of $12.63 and a 52-week high of $14.90.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date was Wednesday, March 27th.

Insider Activity at American Healthcare REIT

In other American Healthcare REIT news, CEO Danny Prosky purchased 25,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average cost of $14.20 per share, for a total transaction of $355,000.00. Following the completion of the transaction, the chief executive officer now owns 108,333 shares in the company, valued at $1,538,328.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of American Healthcare REIT

Hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in American Healthcare REIT in the 1st quarter worth approximately $308,000. Kodai Capital Management LP purchased a new stake in shares of American Healthcare REIT during the first quarter worth $336,000. Peak Financial Advisors LLC acquired a new stake in American Healthcare REIT during the first quarter valued at $416,000. Quadrature Capital Ltd acquired a new position in American Healthcare REIT in the 1st quarter worth about $914,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of American Healthcare REIT during the 1st quarter worth about $1,032,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

About American Healthcare REIT

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.