American Healthcare REIT (NYSE:AHR) Hits New 12-Month High at $15.65

American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high on Tuesday . The stock traded as high as $15.65 and last traded at $15.63, with a volume of 250747 shares traded. The stock had previously closed at $15.49.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AHR. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of American Healthcare REIT in a research note on Thursday, May 16th. Barclays began coverage on shares of American Healthcare REIT in a research note on Thursday, March 14th. They set an “overweight” rating and a $18.00 price objective for the company. Finally, Truist Financial restated a “buy” rating and issued a $17.00 target price (up previously from $16.00) on shares of American Healthcare REIT in a report on Monday, July 1st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.00.

American Healthcare REIT Stock Up 3.0 %

The company has a fifty day moving average price of $14.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be paid a $0.25 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 6.25%.

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 shares were acquired at an average price of $14.20 per share, with a total value of $355,000.00. Following the transaction, the chief executive officer now owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors have recently bought and sold shares of the business. CWM LLC bought a new stake in American Healthcare REIT during the 2nd quarter valued at $58,000. Virtu Financial LLC purchased a new position in American Healthcare REIT in the first quarter valued at about $308,000. Kodai Capital Management LP bought a new position in American Healthcare REIT in the first quarter worth about $336,000. Peak Financial Advisors LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at about $416,000. Finally, Quadrature Capital Ltd purchased a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $914,000. 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.