American Healthcare REIT (NYSE:AHR) Sets New 12-Month High - Time to Buy?

Shares of American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $37.62 and last traded at $37.60, with a volume of 493004 shares. The stock had previously closed at $36.65.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AHR. KeyCorp upped their price target 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. Truist Financial lifted their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Scotiabank started coverage on American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price for the company. Finally, Morgan Stanley lifted their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, American Healthcare REIT presently has an average rating of "Buy" and a consensus target price of $37.75.

American Healthcare REIT Price Performance

The business has a 50 day moving average price of $35.25 and a 200-day moving average price of $31.28. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of -139.24, a P/E/G ratio of 2.06 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Research analysts predict 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 will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

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 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 of the company's stock, valued at $3,453,723.10. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of American Healthcare REIT

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of American Healthcare REIT by 22.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,716 shares of the company's stock worth $63,000 after acquiring an additional 311 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of American Healthcare REIT during the 2nd quarter valued at about $318,000. Physician Wealth Advisors Inc. bought a new stake in American Healthcare REIT in the 2nd quarter worth approximately $34,000. Harbour Capital Advisors LLC boosted its stake in American Healthcare REIT by 116.1% in the second quarter. Harbour Capital Advisors LLC now owns 72,120 shares of the company's stock worth $2,622,000 after buying an additional 38,745 shares in the last quarter. Finally, Grove Bank & Trust bought a new position in American Healthcare REIT during the second quarter valued at approximately $130,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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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