American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $37.62 and last traded at $37.60, with a volume of 493004 shares trading hands. The stock had previously closed at $36.65.
Analyst Ratings Changes
Several analysts have recently weighed in on AHR shares. KeyCorp upped their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Scotiabank started coverage on American Healthcare REIT in a report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price objective for the company. Morgan Stanley upped 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. Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective for the company. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $37.75.
View Our Latest Stock Analysis on AHR
American Healthcare REIT Stock Performance
The firm has a market capitalization of $5.95 billion, a PE ratio of -138.06, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a fifty day moving average price of $35.64 and a 200 day moving average price of $31.49.
American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.38 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 business had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. During the same period in the prior year, the business posted $0.30 earnings per share. American Healthcare REIT's revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.
American Healthcare REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's dividend payout ratio is currently -370.37%.
Insider Transactions at American Healthcare REIT
In related news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated 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 sale, the executive directly owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company's stock.
Institutional Investors Weigh In On American Healthcare REIT
Hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC purchased a new stake in American Healthcare REIT in the 1st quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 worth $29,000 after acquiring an additional 633 shares in the last quarter. Spirit of America Management Corp NY purchased a new stake in American Healthcare REIT in the 1st quarter worth about $30,000. Physician Wealth Advisors Inc. acquired a new position in American Healthcare REIT in the 2nd quarter worth about $34,000. Finally, Avalon Trust Co acquired a new position in American Healthcare REIT in the 1st quarter worth about $36,000. 16.68% of the stock is owned by hedge funds and other institutional investors.
About American Healthcare REIT
(
Get Free Report)
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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