American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $32.66 and last traded at $32.60, with a volume of 285880 shares trading hands. The stock had previously closed at $32.55.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on AHR. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada restated an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley lifted their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Jefferies Financial Group began coverage on American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $33.86.
Read Our Latest Analysis on AHR
American Healthcare REIT Trading Up 8.5 %
The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of -72.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The firm has a fifty day moving average price of $30.20 and a 200-day moving average price of $28.79.
American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.
American Healthcare REIT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 2.86%. American Healthcare REIT's dividend payout ratio is currently -370.37%.
Hedge Funds Weigh In On American Healthcare REIT
A number of institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new position in American Healthcare REIT during the fourth quarter worth about $758,000. Principal Financial Group Inc. lifted its stake in American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in American Healthcare REIT in the 4th quarter valued at approximately $331,000. Arkadios Wealth Advisors boosted its position in American Healthcare REIT by 46.7% in the fourth quarter. Arkadios Wealth Advisors now owns 45,451 shares of the company's stock valued at $1,292,000 after buying an additional 14,464 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of American Healthcare REIT by 82.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company's stock worth $1,069,000 after buying an additional 16,948 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.
American Healthcare REIT Company Profile
(
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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.
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