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

American Healthcare REIT, Inc. (NYSE:AHR)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $28.70 and last traded at $28.70, with a volume of 348301 shares trading hands. The stock had previously closed at $28.58.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AHR shares. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Truist Financial lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. KeyCorp lifted their price target on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Bank of America lifted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Price Performance

The business has a 50-day simple moving average of $25.82 and a 200 day simple moving average of $19.92. The stock has a market cap of $4.43 billion and a P/E ratio of -59.54. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Institutional Trading of American Healthcare REIT

Several institutional investors and hedge funds have recently modified their holdings of the stock. World Investment Advisors LLC bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $946,000. Sanctuary Advisors LLC bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $293,000. Fulcrum Equity Management bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $259,000. SOA Wealth Advisors LLC. bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $45,000. Finally, Advisory Resource Group bought a new position in American Healthcare REIT during the third quarter valued at $754,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

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.