American Healthcare REIT (NYSE:AHR) Sets New 12-Month High - Still a 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 trading on Thursday . The stock traded as high as $43.52 and last traded at $43.15, with a volume of 1733568 shares. The stock had previously closed at $42.93.

Analyst Ratings Changes

AHR has been the topic of several analyst reports. Scotiabank reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. KeyCorp raised their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Robert W. Baird assumed coverage on shares of American Healthcare REIT in a research note on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of American Healthcare REIT in a report on Wednesday, September 3rd. Finally, Truist Financial boosted their target price on shares of American Healthcare REIT from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $41.89.

American Healthcare REIT Price Performance

The stock has a market cap of $7.27 billion, a price-to-earnings ratio of -196.11, a P/E/G ratio of 2.20 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. The stock's 50 day simple moving average is $39.75 and its two-hundred day simple moving average is $34.81.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $539.49 million. During the same quarter in the prior year, the company posted $0.33 EPS. The business's revenue was up 7.5% on a year-over-year basis. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. American Healthcare REIT's dividend payout ratio is presently -454.55%.

Insider Buying and Selling at American Healthcare REIT

In other American Healthcare REIT news, EVP Mark E. Foster sold 3,850 shares of the business's stock in a transaction dated 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. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Stefan K.L. Oh sold 3,860 shares of the firm'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 transaction of $139,346.00. Following the sale, the executive directly owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

Institutional Trading of American Healthcare REIT

A number of hedge funds and other 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 1st quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock valued at $487,000 after acquiring an additional 5,891 shares in the last quarter. GAMMA Investing LLC lifted its holdings in American Healthcare REIT by 42.2% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after buying an additional 417 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in American Healthcare REIT in the 1st quarter valued at $332,000. Sequoia Financial Advisors LLC bought a new stake in shares of American Healthcare REIT during the first quarter worth $476,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Healthcare REIT by 4.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company's stock valued at $67,722,000 after acquiring an additional 89,926 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

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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