American Healthcare REIT (NYSE:AHR) Hits New 1-Year High Following Analyst Upgrade

Key Points

• American Healthcare REIT's stock reached a new 52-week high after JMP Securities raised its price target from $40 to $45, maintaining an "outperform" rating.
• The company recently reported earnings of $0.42 per share, exceeding analysts' expectations, with a year-over-year revenue increase of 7.5%.
• American Healthcare REIT declared a quarterly dividend of $0.25 per share, reflecting a yield of 2.5%, despite a negative dividend payout ratio.

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) reached a new 52-week high on Monday after JMP Securities raised their price target on the stock from $40.00 to $45.00. JMP Securities currently has a market outperform rating on the stock. American Healthcare REIT traded as high as $41.81 and last traded at $40.76, with a volume of 340 shares trading hands. The stock had previously closed at $40.51.

A number of other research firms have also recently commented on AHR. KeyCorp upped their price objective 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. Robert W. Baird initiated coverage on shares of American Healthcare REIT in a research report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective for the company. Scotiabank initiated coverage on American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price target on the stock. Jefferies Financial Group initiated 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. Finally, Morgan Stanley lifted their price target on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $40.44.

Insider Buying and Selling at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's 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 completion of the transaction, the executive owned 95,671 shares in the company, valued at $3,453,723.10. This trade represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by insiders.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds have recently bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its stake in American Healthcare REIT by 57.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock valued at $487,000 after purchasing an additional 5,891 shares during the last quarter. GAMMA Investing LLC lifted its stake in American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after purchasing an additional 417 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in American Healthcare REIT during the first quarter worth approximately $332,000. Sequoia Financial Advisors LLC acquired a new stake in American Healthcare REIT during the first quarter worth approximately $476,000. Finally, Janney Montgomery Scott LLC lifted its position in American Healthcare REIT by 25.7% during the first quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company's stock worth $530,000 after acquiring an additional 3,578 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

The company's 50-day simple moving average is $37.22 and its 200-day simple moving average is $32.91. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.38. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of -184.86, a P/E/G ratio of 2.25 and a beta of 1.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Research analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.5%. American Healthcare REIT's dividend payout ratio (DPR) is -454.55%.

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.