American Healthcare REIT (NYSE:AHR) Sees Unusually-High Trading Volume

American Healthcare REIT, Inc. (NYSE:AHR) saw an uptick in trading volume on Tuesday . 3,687,871 shares changed hands during trading, an increase of 218% from the previous session’s volume of 1,159,513 shares.The stock last traded at $21.09 and had previously closed at $21.15.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AHR. JMP Securities raised their price objective on American Healthcare REIT from $16.00 to $18.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Truist Financial reissued a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of American Healthcare REIT in a report on Monday, July 1st. Morgan Stanley raised their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Bank of America raised their price target on American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.38.

American Healthcare REIT Stock Performance

The stock has a 50-day moving average price of $16.90 and a two-hundred day moving average price of $14.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33.

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

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kiely Wealth Advisory Group Inc. purchased a new position in shares of American Healthcare REIT in the 2nd quarter valued at approximately $30,000. Amalgamated Bank purchased a new position in shares of American Healthcare REIT in the 2nd quarter valued at approximately $33,000. Semmax Financial Advisors Inc. purchased a new position in American Healthcare REIT during the second quarter valued at $45,000. CWM LLC purchased a new position in American Healthcare REIT during the second quarter valued at $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in American Healthcare REIT during the second quarter valued at $110,000. Hedge funds and other institutional investors 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.