American Healthcare REIT, Inc. (NYSE:AHR) Given Consensus Rating of “Buy” by Brokerages

Shares of American Healthcare REIT, Inc. (NYSE:AHR) have been assigned an average rating of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $33.86.

AHR has been the topic of a number of research reports. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research report on Monday. They set a “buy” rating and a $37.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. KeyCorp reduced their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Finally, JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th.

American Healthcare REIT Trading Up 2.3 %

Shares of NYSE:AHR opened at $32.54 on Friday. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of -67.79, a PEG ratio of 1.57 and a beta of 1.42. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT has a 12 month low of $13.67 and a 12 month high of $32.59. The company’s fifty day simple moving average is $29.92 and its 200 day simple moving average is $28.50.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.07%. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of American Healthcare REIT by 135.5% in the third quarter. Barclays PLC now owns 178,316 shares of the company’s stock valued at $4,654,000 after buying an additional 102,588 shares during the last quarter. World Investment Advisors LLC bought a new stake in American Healthcare REIT in the 3rd quarter valued at $946,000. Wilmington Savings Fund Society FSB acquired a new stake in American Healthcare REIT during the 3rd quarter valued at $28,000. Franklin Resources Inc. boosted its position in American Healthcare REIT by 13.7% during the third quarter. Franklin Resources Inc. now owns 167,185 shares of the company’s stock worth $4,129,000 after purchasing an additional 20,174 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

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.