American Healthcare REIT (NYSE:AHR) Sets New 1-Year High After Dividend Announcement

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report)'s stock price hit a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as $36.96 and last traded at $36.63, with a volume of 115738 shares changing hands. The stock had previously closed at $35.87.

The newly announced dividend which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.77%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AHR. Jefferies Financial Group started coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. Morgan Stanley lifted their target price on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. KeyCorp increased their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Truist Financial upped their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT presently has an average rating of "Buy" and a consensus price target of $37.14.

American Healthcare REIT Price Performance

The stock's 50 day moving average is $33.97 and its two-hundred day moving average is $30.55. The stock has a market capitalization of $5.76 billion, a PE ratio of -133.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38.

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

Institutional Trading of American Healthcare REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after purchasing an additional 633 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in American Healthcare REIT in the first quarter valued at approximately $30,000. Avalon Trust Co purchased a new position in American Healthcare REIT in the first quarter valued at approximately $36,000. Finally, Continuum Advisory LLC acquired a new stake in American Healthcare REIT during the first quarter worth approximately $37,000. 16.68% of the stock is currently 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.