Truist Financial Reaffirms Buy Rating for American Healthcare REIT (NYSE:AHR)

Truist Financial reiterated their buy rating on shares of American Healthcare REIT (NYSE:AHR) in a research note released on Monday, Benzinga reports. They currently have a $17.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. Citigroup assumed coverage on American Healthcare REIT in a research report on Monday, March 4th. They issued a neutral rating and a $14.00 price target for the company. Barclays assumed coverage on American Healthcare REIT in a research report on Thursday, March 14th. They set an overweight rating and a $18.00 target price for the company. Royal Bank of Canada assumed coverage on American Healthcare REIT in a research report on Monday, March 4th. They set an outperform rating and a $15.00 target price for the company. Morgan Stanley assumed coverage on American Healthcare REIT in a research report on Monday, March 4th. They set an overweight rating and a $17.00 target price for the company. Finally, JMP Securities reaffirmed a market outperform rating and set a $16.00 price target on shares of American Healthcare REIT in a research note on Monday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Healthcare REIT has an average rating of Moderate Buy and an average target price of $16.00.

American Healthcare REIT Trading Up 2.7 %

Shares of NYSE AHR opened at $14.75 on Monday. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $14.90.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date of this dividend is Wednesday, March 27th.

Insider Activity

In related news, Director Mathieu B. Streiff bought 83,333 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $12.00 per share, with a total value of $999,996.00. Following the purchase, the director now owns 90,740 shares in the company, valued at approximately $1,088,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.