Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) have been given an average recommendation of "Buy" by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $30.17.
Several research analysts recently weighed in on AHR shares. Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, December 30th. Truist Financial upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th.
Get Our Latest Stock Analysis on AHR
Large investors have recently made changes to their positions in the stock. Centaurus Financial Inc. acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at about $133,000. Employees Retirement System of Texas purchased a new stake in American Healthcare REIT during the 4th quarter worth approximately $3,837,000. Ameriflex Group Inc. acquired a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $260,000. Mackenzie Financial Corp acquired a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $336,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 16.68% of the company's stock.
Shares of American Healthcare REIT stock opened at $28.92 on Friday. American Healthcare REIT has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50-day simple moving average of $28.54 and a two-hundred day simple moving average of $26.90. The company has a market cap of $4.56 billion and a P/E ratio of -60.26.
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.
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.
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