American Healthcare REIT (NYSE:AHR) Hits New 1-Year High - Time to Buy?

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $32.66 and last traded at $32.60, with a volume of 285880 shares changing hands. The stock had previously closed at $32.55.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. KeyCorp lowered their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $33.86.

American Healthcare REIT Stock Up 6.4 %

The firm has a fifty day moving average price of $30.12 and a 200 day moving average price of $28.70. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of -71.40, a P/E/G ratio of 1.57 and a beta of 1.40. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same period last year, the firm earned $0.30 earnings per share. American Healthcare REIT's revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.92%. American Healthcare REIT's dividend payout ratio is -370.37%.

Institutional Trading of American Healthcare REIT

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new stake in shares of American Healthcare REIT during the 4th quarter worth $758,000. Principal Financial Group Inc. boosted its stake in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after acquiring an additional 3,330,714 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of American Healthcare REIT during the 4th quarter worth approximately $331,000. Arkadios Wealth Advisors lifted its holdings in shares of American Healthcare REIT by 46.7% in the 4th quarter. Arkadios Wealth Advisors now owns 45,451 shares of the company's stock worth $1,292,000 after acquiring an additional 14,464 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in American Healthcare REIT by 15.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 917,636 shares of the company's stock valued at $23,950,000 after buying an additional 125,641 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

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.