American Healthcare REIT (NYSE:AHR) Sets New 12-Month High - Here's Why

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $38.12 and last traded at $37.81, with a volume of 953708 shares trading hands. The stock had previously closed at $37.26.

Wall Street Analyst Weigh In

A number of research firms recently commented on AHR. Truist Financial boosted 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. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday. Morgan Stanley raised their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Robert W. Baird initiated coverage on shares of American Healthcare REIT in a research note on Friday. They set an "outperform" rating and a $41.00 target price on the stock. Finally, KeyCorp raised their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $38.11.

American Healthcare REIT Trading Up 0.9%

The stock has a market capitalization of $6.09 billion, a PE ratio of -141.40, a price-to-earnings-growth ratio of 2.13 and a beta of 1.09. The firm has a 50-day moving average price of $35.70 and a 200-day moving average price of $31.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data 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. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The company had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company 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. This represents a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction that occurred on 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 directly owned 95,671 shares in the company, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new stake in American Healthcare REIT during the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its position in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after acquiring an additional 633 shares in the last quarter. Spirit of America Management Corp NY acquired a new position in shares of American Healthcare REIT during the first quarter worth about $30,000. Physician Wealth Advisors Inc. acquired a new position in shares of American Healthcare REIT during the second quarter worth about $34,000. Finally, Avalon Trust Co purchased a new stake in American Healthcare REIT during the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

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.

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