American Healthcare REIT (NYSE:AHR) Hits New 1-Year High - Here's What Happened

Key Points

• American Healthcare REIT shares reached a new 12-month high of $38.80, with significant trading volume of 119,299 shares, indicating strong market interest.
• Several Wall Street analysts have upgraded their ratings on the stock, with price targets as high as $45.00, reflecting a positive outlook on the company's growth potential.
• The company recently declared a quarterly dividend of $0.25 per share, yielding 2.60%, despite reporting a negative return on equity and a negative net margin.

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $38.77 and last traded at $38.80, with a volume of 119299 shares traded. The stock had previously closed at $38.07.

Analyst Ratings Changes

Several analysts have commented on AHR shares. KeyCorp upped their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Morgan Stanley upped their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 target price for the company. Finally, Scotiabank started coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 target price for the company. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $38.11.

American Healthcare REIT Stock Up 0.7%

The company has a market cap of $6.20 billion, a price-to-earnings ratio of -144.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The firm's fifty day moving average price is $36.35 and its 200-day moving average price is $32.29.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Sell-side analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. American Healthcare REIT's dividend payout ratio is presently -370.37%.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.92% of the company's stock.

Hedge Funds Weigh In On American Healthcare REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of American Healthcare REIT by 22.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,716 shares of the company's stock worth $63,000 after buying an additional 311 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of American Healthcare REIT by 1.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company's stock worth $1,086,000 after buying an additional 393 shares during the last quarter. Lion Street Advisors LLC boosted its stake in shares of American Healthcare REIT by 6.2% during the 2nd quarter. Lion Street Advisors LLC now owns 7,373 shares of the company's stock worth $271,000 after buying an additional 430 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of American Healthcare REIT by 3.2% during the 1st quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company's stock worth $435,000 after buying an additional 444 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of American Healthcare REIT by 4.3% during the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after buying an additional 470 shares during the last quarter. 16.68% of the stock is owned by institutional investors and hedge funds.

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.