American Healthcare REIT (NYSE:AHR) Reaches New 12-Month High on Analyst Upgrade

American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high during mid-day trading on Monday after Citizens Jmp raised their price target on the stock from $50.00 to $60.00. Citizens Jmp currently has a market outperform rating on the stock. American Healthcare REIT traded as high as $50.16 and last traded at $49.9250, with a volume of 718 shares changing hands. The stock had previously closed at $49.42.

A number of other brokerages have also recently weighed in on AHR. Scotiabank restated an “outperform” rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. KeyCorp reaffirmed an “overweight” rating on shares of American Healthcare REIT in a report on Friday. JMP Securities raised their price objective on American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, October 17th. UBS Group started coverage on American Healthcare REIT in a research report on Friday, September 19th. They set a “buy” rating and a $51.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $46.50.

Insider Buying and Selling

In related news, EVP Mark E. Foster sold 3,850 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total value of $161,276.50. Following the completion of the sale, the executive vice president owned 59,100 shares of the company’s stock, valued at approximately $2,475,699. The trade was a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors and hedge funds have recently bought and sold shares of AHR. Fortis Group Advisors LLC boosted its stake in American Healthcare REIT by 0.8% during the third quarter. Fortis Group Advisors LLC now owns 27,565 shares of the company’s stock worth $1,235,000 after buying an additional 209 shares during the period. KLP Kapitalforvaltning AS lifted its position in shares of American Healthcare REIT by 0.9% during the third quarter. KLP Kapitalforvaltning AS now owns 33,300 shares of the company’s stock worth $1,406,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of American Healthcare REIT by 22.1% in the second quarter. GAMMA Investing LLC now owns 1,716 shares of the company’s stock valued at $63,000 after purchasing an additional 311 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of American Healthcare REIT by 1.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company’s stock valued at $1,086,000 after purchasing an additional 393 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in American Healthcare REIT by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 140,769 shares of the company’s stock worth $5,172,000 after buying an additional 406 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 355.83, a price-to-earnings-growth ratio of 2.44 and a beta of 0.98. The stock’s fifty day simple moving average is $42.96 and its 200-day simple moving average is $38.90.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. American Healthcare REIT had a return on equity of 1.13% and a net margin of 1.21%.The business had revenue of $542.50 million for the quarter, compared to analysts’ expectations of $539.49 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

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

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.