American Healthcare REIT (NYSE:AHR) Reaches New 52-Week High at $15.36

American Healthcare REIT, Inc. (NYSE:AHR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $15.36 and last traded at $15.34, with a volume of 24842 shares. The stock had previously closed at $15.13.

Analysts Set New Price Targets

AHR has been the subject of several analyst reports. Barclays started coverage on American Healthcare REIT in a report on Thursday, March 14th. They issued an “overweight” rating and a $18.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of American Healthcare REIT in a research note on Thursday, May 16th. Finally, Truist Financial reiterated a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of American Healthcare REIT in a research note on Monday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

American Healthcare REIT Stock Performance

The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $14.37.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Thursday, June 27th.

Insiders Place Their Bets

In other news, CEO Danny Prosky purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average cost of $14.20 per share, for a total transaction of $355,000.00. Following the purchase, the chief executive officer now owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AHR. Lasalle Investment Management Securities LLC acquired a new stake in American Healthcare REIT in the first quarter valued at $10,643,000. Goldentree Asset Management LP acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $22,125,000. Virtu Financial LLC bought a new position in shares of American Healthcare REIT during the first quarter worth about $308,000. Zimmer Partners LP acquired a new position in shares of American Healthcare REIT in the first quarter worth approximately $6,269,000. Finally, Kodai Capital Management LP bought a new stake in American Healthcare REIT in the first quarter valued at approximately $336,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

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.