American Healthcare REIT (NYSE:AHR) Hits New 1-Year High Following Analyst Upgrade

American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high during mid-day trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $44.00 and last traded at $43.59, with a volume of 590 shares. The stock had previously closed at $43.39.

A number of other brokerages have also issued reports on AHR. Truist Financial raised 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. Robert W. Baird began coverage on shares of American Healthcare REIT in a research note on Friday, July 18th. They set an “outperform” rating and a $41.00 price target for the company. KeyCorp lifted their price objective on shares of American Healthcare REIT from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Baird R W raised shares of American Healthcare REIT to a “strong-buy” rating in a report on Thursday, July 17th. Finally, UBS Group initiated coverage on American Healthcare REIT in a report on Friday, September 19th. They set a “buy” rating and a $51.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $45.00.

Insider Buying and Selling at American Healthcare REIT

In other news, EVP Mark E. Foster sold 3,850 shares of American Healthcare REIT 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 sale, the executive vice president owned 59,100 shares of the company’s stock, valued at $2,475,699. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 3,437,861 shares in the last quarter. Principal Financial Group Inc. raised its holdings in American Healthcare REIT by 1.1% during the first quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company’s stock worth $374,923,000 after purchasing an additional 134,822 shares during the last quarter. State Street Corp boosted its position in American Healthcare REIT by 6.5% during the second quarter. State Street Corp now owns 6,902,944 shares of the company’s stock worth $255,289,000 after purchasing an additional 422,931 shares in the last quarter. Invesco Ltd. grew its holdings in American Healthcare REIT by 15.9% in the second quarter. Invesco Ltd. now owns 5,820,530 shares of the company’s stock valued at $213,846,000 after purchasing an additional 798,075 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of American Healthcare REIT by 16.7% in the second quarter. Alliancebernstein L.P. now owns 5,318,866 shares of the company’s stock valued at $195,415,000 after buying an additional 759,501 shares in the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Down 3.0%

The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average price of $42.01 and a 200-day moving average price of $37.31. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of -191.17, a P/E/G ratio of 2.16 and a beta of 0.98.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. During the same period last year, the firm posted $0.33 EPS. The firm’s revenue for the quarter 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, equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. American Healthcare REIT’s dividend payout ratio is presently -454.55%.

American Healthcare REIT Company Profile

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.