Analysts Set American Healthcare REIT, Inc. (NYSE:AHR) Price Target at $30.17

American Healthcare REIT, Inc. (NYSE:AHR) has been given a consensus rating of “Buy” by the seven brokerages that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.17.

AHR has been the topic of several analyst reports. Morgan Stanley raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada raised their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $29.46 on Friday. The stock’s 50-day moving average is $28.57 and its 200-day moving average is $27.04. The company has a market cap of $4.64 billion and a price-to-earnings ratio of -61.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT has a 12 month low of $12.81 and a 12 month high of $30.97.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.39%. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock worth $436,455,000 after purchasing an additional 7,474,374 shares during the last quarter. Wellington Management Group LLP grew its position in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock worth $347,831,000 after acquiring an additional 2,750,137 shares in the last quarter. Deutsche Bank AG grew its position in shares of American Healthcare REIT by 2.3% in the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company’s stock worth $122,513,000 after acquiring an additional 94,925 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock worth $105,171,000 after acquiring an additional 1,172,670 shares in the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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.