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

American Healthcare REIT, Inc. (NYSE:AHRGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.00.

Several research analysts have recently issued reports on the stock. Truist Financial reiterated a “buy” rating and issued a $17.00 target price (up previously from $16.00) on shares of American Healthcare REIT in a research note on Monday, July 1st. Barclays started coverage on American Healthcare REIT in a research report on Thursday, March 14th. They issued an “overweight” rating and a $18.00 price objective on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of American Healthcare REIT in a report on Thursday, May 16th.

Get Our Latest Stock Analysis on AHR

Insider Buying and Selling

In other American Healthcare REIT news, CEO Danny Prosky acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $14.20 per share, with a total value of $355,000.00. Following the completion of the purchase, the chief executive officer now directly owns 108,333 shares in the company, valued at approximately $1,538,328.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in American Healthcare REIT during the first quarter valued at $308,000. Kodai Capital Management LP bought a new position in shares of American Healthcare REIT in the 1st quarter valued at about $336,000. Peak Financial Advisors LLC bought a new position in shares of American Healthcare REIT in the 1st quarter valued at about $416,000. Quadrature Capital Ltd purchased a new position in American Healthcare REIT in the first quarter worth about $914,000. Finally, Seven Grand Managers LLC bought a new stake in American Healthcare REIT during the first quarter worth approximately $1,032,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of AHR opened at $15.37 on Friday. The business has a 50-day simple moving average of $14.46. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $15.41. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.33 and a current ratio of 0.33.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 27th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.51%.

American Healthcare REIT Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for American Healthcare REIT (NYSE:AHR)

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