American Healthcare REIT, Inc. (NYSE:AHR) to Issue $0.25 Quarterly Dividend

American Healthcare REIT, Inc. (NYSE:AHR) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, December 31st.

American Healthcare REIT Price Performance

NYSE AHR traded down $0.17 on Thursday, reaching $27.21. 1,992,940 shares of the stock traded hands, compared to its average volume of 1,532,070. American Healthcare REIT has a 12 month low of $12.63 and a 12 month high of $29.99. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $27.02 and its 200 day simple moving average is $21.71. The company has a market cap of $4.16 billion and a price-to-earnings ratio of -56.69.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that American Healthcare REIT will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Morgan Stanley increased their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

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.