American Healthcare REIT (NYSE:AHR) Reaches New 52-Week High - What's Next?

Key Points

• American Healthcare REIT shares reached a new 52-week high of $39.89, reflecting increased investor interest and trading volume of 1,619,200 shares.
• Several analysts have upgraded their ratings for American Healthcare REIT, with KeyCorp setting a new price target of $40.00 and Baird R W issuing a "strong-buy" rating.
• The company recently declared a quarterly dividend of $0.25, yielding 2.5%, although it has a notably high dividend payout ratio of -370.37%.

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $39.89 and last traded at $39.72, with a volume of 1619200 shares trading hands. The stock had previously closed at $38.89.

Analysts Set New Price Targets

A number of research firms have issued reports on AHR. 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 for the company. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. Scotiabank began coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective on the stock. Robert W. Baird initiated coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective on the stock. Finally, Truist Financial lifted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 9th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $38.11.

American Healthcare REIT Price Performance

The firm has a 50-day moving average of $36.76 and a 200 day moving average of $32.58. The company has a market capitalization of $6.37 billion, a PE ratio of -148.01, a PEG ratio of 2.23 and a beta of 1.08. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. American Healthcare REIT's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. As a group, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Insider Activity at American Healthcare REIT

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is owned by insiders.

Hedge Funds Weigh In On American Healthcare REIT

Institutional investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. increased its position in American Healthcare REIT by 57.9% in the first quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock worth $487,000 after buying an additional 5,891 shares in the last quarter. GAMMA Investing LLC increased its holdings in American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after acquiring an additional 417 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in American Healthcare REIT during the 1st quarter worth approximately $332,000. Sequoia Financial Advisors LLC purchased a new position in American Healthcare REIT during the first quarter valued at approximately $476,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of American Healthcare REIT by 25.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company's stock worth $530,000 after purchasing an additional 3,578 shares during the period. Institutional investors own 16.68% of the company's stock.

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.