American Healthcare REIT, Inc. (NYSE:AHR) Receives $15.88 Consensus Price Target from Analysts

American Healthcare REIT, Inc. (NYSE:AHR) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $15.88.

A number of equities analysts recently weighed in on AHR shares. Citigroup assumed coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They set a “neutral” rating and a $14.00 price objective for the company. Morgan Stanley assumed coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They issued an “overweight” rating and a $17.00 price target for the company. Bank of America assumed coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They issued a “buy” rating and a $15.00 price target for the company. KeyCorp assumed coverage on shares of American Healthcare REIT in a research report on Monday, March 4th. They issued an “overweight” rating and a $16.00 price target for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of American Healthcare REIT in a research report on Thursday, May 16th.

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 bought at an average price of $14.20 per share, with a total value of $355,000.00. Following the completion of the transaction, the chief executive officer now directly owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AHR. Virtu Financial LLC bought a new position in American Healthcare REIT during the 1st quarter valued at $308,000. Kodai Capital Management LP bought a new position in American Healthcare REIT during the 1st quarter valued at $336,000. Peak Financial Advisors LLC bought a new position in American Healthcare REIT during the 1st quarter valued at $416,000. Quadrature Capital Ltd bought a new position in American Healthcare REIT during the 1st quarter valued at $914,000. Finally, Seven Grand Managers LLC bought a new position in American Healthcare REIT during the 1st quarter valued at $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 NYSE AHR opened at $14.00 on Friday. The business’s 50 day moving average price is $13.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $14.90.

American Healthcare REIT Dividend Announcement

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

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.