American Healthcare REIT (NYSE:AHR) Sets New 1-Year High on Analyst Upgrade

Shares of American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high during mid-day trading on Monday after Citizens Jmp raised their price target on the stock from $50.00 to $60.00. Citizens Jmp currently has a market outperform rating on the stock. American Healthcare REIT traded as high as $50.16 and last traded at $49.9250, with a volume of 718 shares changing hands. The stock had previously closed at $49.42.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reiterated an “overweight” rating on shares of American Healthcare REIT in a report on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of American Healthcare REIT in a research report on Wednesday, October 8th. UBS Group started coverage on American Healthcare REIT in a research note on Friday, September 19th. They issued a “buy” rating and a $51.00 price target for the company. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research note on Friday, October 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $46.50.

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 that occurred on 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 directly owned 59,100 shares in the company, valued at $2,475,699. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in American Healthcare REIT in the 3rd quarter valued at $28,000. Darwin Wealth Management LLC bought a new position in American Healthcare REIT during the 2nd quarter worth $31,000. Total Investment Management Inc. acquired a new position in American Healthcare REIT in the 2nd quarter valued at $32,000. Physician Wealth Advisors Inc. bought a new stake in shares of American Healthcare REIT during the 2nd quarter valued at $34,000. Finally, Global Retirement Partners LLC grew its holdings in shares of American Healthcare REIT by 265.3% during the 3rd quarter. Global Retirement Partners LLC now owns 1,158 shares of the company’s stock worth $49,000 after purchasing an additional 841 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Up 1.7%

The company has a market cap of $8.47 billion, a P/E ratio of 355.83, a PEG ratio of 2.44 and a beta of 0.98. The stock has a 50-day moving average of $42.96 and a 200 day moving average of $38.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. American Healthcare REIT had a net margin of 1.21% and a return on equity of 1.13%. The firm had revenue of $542.50 million for the quarter, compared to the consensus estimate of $539.49 million. During the same period in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. American Healthcare REIT’s dividend payout ratio (DPR) is currently 714.29%.

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.