American Healthcare REIT (NYSE:AHR) Reaches New 1-Year High – Here’s What Happened

American Healthcare REIT, Inc. (NYSE:AHR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.93 and last traded at $50.88, with a volume of 168983 shares traded. The stock had previously closed at $50.31.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AHR. Citizens Jmp lifted their price objective on shares of American Healthcare REIT from $50.00 to $60.00 and gave the company a “market outperform” rating in a report on Monday, November 10th. Royal Bank Of Canada increased their price objective on shares of American Healthcare REIT from $45.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. JMP Securities lifted their target price on American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, October 17th. KeyCorp increased their price target on American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, Truist Financial boosted their price target on American Healthcare REIT from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $51.64.

American Healthcare REIT Price Performance

The business has a fifty day moving average of $45.72 and a 200 day moving average of $41.07. The firm has a market cap of $8.86 billion, a P/E ratio of 357.53, a PEG ratio of 2.08 and a beta of 0.93. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.37.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio is 714.29%.

Insider Buying and Selling at American Healthcare REIT

In related news, Director Jeffrey T. Hanson sold 20,010 shares of American Healthcare REIT stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $49.68, for a total transaction of $994,096.80. Following the completion of the sale, the director owned 21,798 shares of the company’s stock, valued at approximately $1,082,924.64. The trade was a 47.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark E. Foster sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total transaction of $74,025.00. Following the completion of the transaction, the executive vice president owned 57,600 shares in the company, valued at approximately $2,842,560. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. grew its holdings in American Healthcare REIT by 83.1% in the 3rd quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock valued at $27,000 after buying an additional 296 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of American Healthcare REIT in the third quarter valued at about $28,000. Darwin Wealth Management LLC bought a new position in American Healthcare REIT during the second quarter worth about $31,000. Total Investment Management Inc. bought a new position in American Healthcare REIT during the second quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in American Healthcare REIT in the 2nd quarter worth about $34,000. 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.