American Healthcare REIT (NYSE:AHR) Reaches New 52-Week High - Still a Buy?

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $31.64 and last traded at $31.43, with a volume of 246404 shares traded. The stock had previously closed at $31.11.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AHR shares. KeyCorp cut their target price on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research report on Monday. They set a "buy" rating and a $37.00 price target for the company. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $33.86.

American Healthcare REIT Stock Performance

The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $29.77 and a 200-day simple moving average of $28.40. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of -66.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.16%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

Large investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its stake in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares during the period. GAMMA Investing LLC raised its position in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after buying an additional 504 shares during the period. Spirit of America Management Corp NY purchased a new stake in American Healthcare REIT in the 1st quarter worth about $30,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of American Healthcare REIT in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 16.68% of the company's stock.

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.