Brokerages Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $15.88

American Healthcare REIT, Inc. (NYSE:AHR) has been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.88.

Several analysts have recently commented on the stock. Royal Bank of Canada assumed coverage on shares of American Healthcare REIT in a research note on Monday, March 4th. They set an “outperform” rating and a $15.00 price target on the stock. Barclays initiated coverage on American Healthcare REIT in a research note on Thursday, March 14th. They issued an “overweight” rating and a $18.00 target price for the company. KeyCorp initiated coverage on American Healthcare REIT in a report on Monday, March 4th. They issued an “overweight” rating and a $16.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of American Healthcare REIT in a report on Monday, March 25th. Finally, Morgan Stanley assumed coverage on shares of American Healthcare REIT in a research note on Monday, March 4th. They issued an “overweight” rating and a $17.00 target price on the stock.

Insider Buying and Selling at American Healthcare REIT

In other news, Director Mathieu B. Streiff bought 83,333 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $999,996.00. Following the purchase, the director now owns 90,740 shares of the company’s stock, valued at approximately $1,088,880. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Trading of American Healthcare REIT

Several institutional investors and hedge funds have recently bought and sold shares of AHR. Peak Financial Advisors LLC bought a new stake in American Healthcare REIT during the first quarter worth $416,000. Seven Grand Managers LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter worth about $1,032,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at about $7,694,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of AHR opened at $13.69 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.94. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $14.90. The stock has a 50 day moving average of $13.75.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend was Wednesday, March 27th.

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.