American Healthcare REIT (NYSE:AHR) Reaches New 1-Year High at $16.29

Shares of American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high during trading on Monday . The stock traded as high as $16.29 and last traded at $16.24, with a volume of 97400 shares trading hands. The stock had previously closed at $16.00.

Analysts Set New Price Targets

AHR has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of American Healthcare REIT in a report on Thursday, May 16th. Truist Financial restated a “buy” rating and issued a $17.00 price objective (up from $16.00) on shares of American Healthcare REIT in a report on Monday, July 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average price target of $16.00.

American Healthcare REIT Price Performance

The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $14.65.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 6.15%.

Insider Buying and Selling at American Healthcare REIT

In other American Healthcare REIT news, CEO Danny Prosky acquired 25,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of $14.20 per share, for a total transaction of $355,000.00. Following the purchase, the chief executive officer now directly owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AHR. Principal Financial Group Inc. purchased a new position in American Healthcare REIT during the first quarter valued at approximately $88,504,000. Centersquare Investment Management LLC purchased a new position in shares of American Healthcare REIT during the 1st quarter valued at $63,269,000. V3 Capital Management L.P. purchased a new stake in American Healthcare REIT in the 1st quarter worth $42,337,000. Goldentree Asset Management LP purchased a new position in shares of American Healthcare REIT in the first quarter valued at about $22,125,000. Finally, Russell Investments Group Ltd. bought a new position in shares of American Healthcare REIT in the first quarter worth about $20,381,000. Institutional investors own 16.68% of the company’s stock.

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.