American Healthcare REIT (NYSE:AHR) Reaches New 12-Month High - What's Next?

Key Points

• American Healthcare REIT shares hit a 52-week high, trading as high as $58.79 and last at $58.546, above the prior close of $57.91.
• The company beat quarterly estimates, reporting EPS of $0.58 versus $0.56 expected and revenue of $742.15 million versus $703.51 million; revenue rose 29.5% year over year.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus Buy rating and a $62 price target, with recent targets ranging from $60 to $62.

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The company traded as high as $58.79 and last traded at $58.5460, with a volume of 1,077,160 shares traded. The stock had previously closed at $57.91.

Analyst Ratings Changes

Several analysts have recently commented on AHR shares. Truist Financial upped their price objective on shares of American Healthcare REIT from $57.00 to $61.00 and gave the company a "buy" rating in a report on Friday, August 14th. Barclays cut their price objective on shares of American Healthcare REIT from $66.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. Raymond James Financial initiated coverage on shares of American Healthcare REIT in a report on Tuesday, October 13th. They set a "strong-buy" rating and a $62.00 target price for the company. Citigroup restated a "market outperform" rating on shares of American Healthcare REIT in a research report on Monday, September 14th. Finally, Weiss Ratings lowered shares of American Healthcare REIT from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $62.00.

American Healthcare REIT Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a fifty day simple moving average of $53.09 and a 200-day simple moving average of $51.65. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 119.92, a P/E/G ratio of 1.41 and a beta of 0.78.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. American Healthcare REIT had a net margin of 3.61% and a return on equity of 2.38%. The business had revenue of $742.15 million for the quarter, compared to analysts' expectations of $703.51 million. During the same quarter last year, the company earned $0.44 EPS. The business's revenue was up 29.5% on a year-over-year basis. On average, equities research analysts anticipate that American Healthcare REIT, Inc. will post 2.19 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. American Healthcare REIT's dividend payout ratio is 204.08%.

Insider Activity

In other news, EVP Mark Foster sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $55.39, for a total transaction of $110,780.00. Following the completion of the transaction, the executive vice president directly owned 51,617 shares of the company's stock, valued at approximately $2,859,065.63. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On American Healthcare REIT

Several large investors have recently bought and sold shares of AHR. Greenland Capital Management LP boosted its position in American Healthcare REIT by 94.7% during the second quarter. Greenland Capital Management LP now owns 185,000 shares of the company's stock worth $9,648,000 after purchasing an additional 90,000 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of American Healthcare REIT in the second quarter valued at $1,377,000. Wellington Management Group LLP increased its position in shares of American Healthcare REIT by 4.5% in the second quarter. Wellington Management Group LLP now owns 8,658,850 shares of the company's stock valued at $451,559,000 after buying an additional 375,063 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of American Healthcare REIT in the first quarter valued at $1,377,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of American Healthcare REIT during the 2nd quarter worth $13,348,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Company Profile

American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses.

The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care.

American Healthcare REIT began trading on the New York Stock Exchange in 2024.

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