Brokerages Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $30.17

American Healthcare REIT, Inc. (NYSE:AHR) has been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $30.17.

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th.

Institutional Trading of American Healthcare REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Centaurus Financial Inc. bought a new stake in shares of American Healthcare REIT in the 4th quarter worth $133,000. Employees Retirement System of Texas bought a new stake in shares of American Healthcare REIT in the 4th quarter worth $3,837,000. Ameriflex Group Inc. bought a new stake in shares of American Healthcare REIT in the 4th quarter worth $260,000. Mackenzie Financial Corp bought a new stake in shares of American Healthcare REIT in the 4th quarter worth $336,000. Finally, GF Fund Management CO. LTD. bought a new stake in shares of American Healthcare REIT in the 4th quarter worth $78,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Up 2.0 %

NYSE:AHR opened at $29.46 on Friday. American Healthcare REIT has a 12-month low of $12.81 and a 12-month high of $30.97. The firm has a market capitalization of $4.64 billion and a P/E ratio of -61.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day simple moving average of $28.57 and a 200 day simple moving average of $27.04.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend 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.