Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) Target Price at $23.00

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $23.00.

Several equities research analysts have issued reports on AHR shares. JMP Securities lifted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. KeyCorp lifted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Bank of America increased their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Morgan Stanley increased their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd.

American Healthcare REIT Stock Up 1.5 %

NYSE:AHR opened at $26.47 on Friday. The firm has a 50-day moving average of $24.85 and a two-hundred day moving average of $18.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $27.21.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.78%.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT during the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT during the 2nd quarter valued at $30,000. Amalgamated Bank bought a new stake in shares of American Healthcare REIT in the 2nd quarter worth $33,000. Tidemark LLC acquired a new stake in shares of American Healthcare REIT in the third quarter valued at $44,000. Finally, Semmax Financial Advisors Inc. bought a new position in American Healthcare REIT during the second quarter valued at about $45,000. Institutional investors own 16.68% of the company’s stock.

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.