American Healthcare REIT (NYSE:AHR) Hits New 52-Week High at $17.14

American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.14 and last traded at $17.14, with a volume of 1465090 shares. The stock had previously closed at $16.72.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $17.00 price objective (up from $16.00) on shares of American Healthcare REIT in a research note on Monday, July 1st. Bank of America increased their target price on shares of American Healthcare REIT from $16.00 to $19.00 and gave the company a “buy” rating in a report on Thursday. Finally, JMP Securities increased their target price on shares of American Healthcare REIT from $16.00 to $18.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

American Healthcare REIT Price Performance

The firm’s 50-day moving average is $15.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.33 and a current ratio of 0.33.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 2.77% and a negative return on equity of 3.26%. The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that American Healthcare REIT, Inc. will post 1.2 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were paid a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 5.83%.

Insider Activity

In other American Healthcare REIT news, CEO Danny Prosky acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $14.20 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AHR. Principal Financial Group Inc. bought a new position in shares of American Healthcare REIT in the 1st quarter worth about $88,504,000. Centersquare Investment Management LLC bought a new position in shares of American Healthcare REIT in the 1st quarter worth about $63,269,000. V3 Capital Management L.P. bought a new position in shares of American Healthcare REIT in the 1st quarter worth about $42,337,000. Goldentree Asset Management LP bought a new position in shares of American Healthcare REIT in the 1st quarter worth about $22,125,000. Finally, Russell Investments Group Ltd. bought a new position in shares of American Healthcare REIT in the 1st quarter worth about $20,381,000. 16.68% of the stock is currently owned by 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.