American Healthcare REIT (NYSE:AHR) Reaches New 1-Year High - Time to Buy?

Key Points

• American Healthcare REIT shares reached a new 52-week high at $43.52, with a recent trading price of $43.15 and a trading volume of over 1.7 million shares.
• Analysts have a consensus rating of "Buy" for the stock, with ten analysts recommending it; the average target price is set at $41.89.
• The company reported a quarterly earnings per share (EPS) of $0.42, exceeding analyst expectations and marking a 7.5% year-over-year revenue increase to $542.5 million.

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.52 and last traded at $43.15, with a volume of 1733568 shares changing hands. The stock had previously closed at $42.93.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AHR shares. KeyCorp upped their target price on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. Scotiabank reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. Royal Bank Of Canada upped their target price on American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Robert W. Baird assumed coverage on 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. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat.com, American Healthcare REIT currently has an average rating of "Buy" and a consensus price target of $41.89.

American Healthcare REIT Price Performance

The company has a fifty day moving average of $40.09 and a 200-day moving average of $35.17. The firm has a market cap of $7.15 billion, a P/E ratio of -192.93, a P/E/G ratio of 2.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results 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. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.The business had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. American Healthcare REIT's revenue was up 7.5% compared to the same quarter last year. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, June 30th. American Healthcare REIT's dividend payout ratio is -454.55%.

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 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 owned 95,671 shares in the company, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark E. Foster sold 3,850 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total value of $161,276.50. Following the transaction, the executive vice president directly owned 59,100 shares in the company, valued at $2,475,699. This represents a 6.12% decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in American Healthcare REIT by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company's stock worth $569,494,000 after purchasing an additional 3,437,861 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Healthcare REIT by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock valued at $374,923,000 after acquiring an additional 134,822 shares in the last quarter. State Street Corp raised its holdings in shares of American Healthcare REIT by 6.5% in the 2nd quarter. State Street Corp now owns 6,902,944 shares of the company's stock valued at $255,289,000 after acquiring an additional 422,931 shares in the last quarter. Invesco Ltd. raised its holdings in shares of American Healthcare REIT by 15.9% in the 2nd quarter. Invesco Ltd. now owns 5,820,530 shares of the company's stock valued at $213,846,000 after acquiring an additional 798,075 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of American Healthcare REIT by 16.7% in the 2nd quarter. Alliancebernstein L.P. now owns 5,318,866 shares of the company's stock valued at $195,415,000 after acquiring an additional 759,501 shares in the last quarter. 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.