American Healthcare REIT, Inc. (NYSE:AHR) Receives $37.75 Consensus Target Price from Analysts

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have received an average rating of “Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $38.11.

A number of equities research analysts have issued reports on AHR shares. KeyCorp upped their target price on American Healthcare REIT from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 11th. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They set a “buy” rating and a $37.00 price target for the company. Robert W. Baird started coverage on American Healthcare REIT in a research note on Friday. They issued an “outperform” rating and a $41.00 price objective on the stock. Truist Financial increased their target price on American Healthcare REIT from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Finally, Scotiabank started coverage on American Healthcare REIT in a report on Monday, June 30th. They issued a “sector outperform” rating and a $42.00 target price on the stock.

Insider Transactions at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the company’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the sale, the executive directly owned 95,671 shares of the company’s stock, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.

Institutional Trading of American Healthcare REIT

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in shares of American Healthcare REIT in the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its stake in American Healthcare REIT by 189.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock valued at $29,000 after purchasing an additional 633 shares in the last quarter. Spirit of America Management Corp NY bought a new position in American Healthcare REIT in the first quarter valued at approximately $30,000. Physician Wealth Advisors Inc. bought a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $34,000. Finally, Avalon Trust Co acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of AHR opened at $37.82 on Thursday. The firm has a 50-day moving average price of $35.70 and a 200 day moving average price of $31.58. The firm has a market capitalization of $6.03 billion, a PE ratio of -140.07, a P/E/G ratio of 2.13 and a beta of 1.09. American Healthcare REIT has a 52-week low of $14.79 and a 52-week high of $38.12. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, sell-side analysts anticipate that American Healthcare REIT will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT’s dividend payout ratio is -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.