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.

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) shares hit a new 52-week high during trading 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 changing hands. The stock had previously closed at $40.51.

Several other equities analysts have also recently commented on AHR. Robert W. Baird assumed coverage on shares of American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 target price on the stock. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective for the company. Scotiabank began coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price objective for the company. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Finally, Truist Financial lifted their price objective on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target 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 business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the sale, the executive directly owned 95,671 shares in the company, valued at $3,453,723.10. The trade was a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.92% of the stock is currently owned by company insiders.

Institutional Trading of American Healthcare REIT

Large investors have recently made changes to their positions in the business. MML Investors Services LLC boosted its stake in shares of American Healthcare REIT by 7.6% during the second quarter. MML Investors Services LLC now owns 23,684 shares of the company's stock valued at $870,000 after purchasing an additional 1,677 shares in the last quarter. Militia Capital Partners LP lifted its position in American Healthcare REIT by 26.2% during the second quarter. Militia Capital Partners LP now owns 18,800 shares of the company's stock valued at $691,000 after acquiring an additional 3,900 shares during the last quarter. Lazard Asset Management LLC lifted its position in American Healthcare REIT by 1,488.2% during the second quarter. Lazard Asset Management LLC now owns 36,942 shares of the company's stock valued at $1,357,000 after acquiring an additional 34,616 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in American Healthcare REIT during the second quarter valued at approximately $966,000. Finally, BNP Paribas Financial Markets lifted its position in American Healthcare REIT by 148.9% during the second quarter. BNP Paribas Financial Markets now owns 22,520 shares of the company's stock valued at $827,000 after acquiring an additional 13,472 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Up 0.2%

The company's 50 day moving average price is $37.33 and its 200 day moving average price is $32.99. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of -184.00, a P/E/G ratio of 2.26 and a beta of 1.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The company had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm's quarterly revenue was up 7.5% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a dividend of $0.25 per share. 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 2.5%. American Healthcare REIT's payout ratio is -454.55%.

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.