American Healthcare REIT (NYSE:AHR) Hits New 52-Week High – What’s Next?

Shares of American Healthcare REIT, Inc. (NYSE:AHR) reached a new 52-week high on Wednesday . The company traded as high as $27.75 and last traded at $27.61, with a volume of 243595 shares trading hands. The stock had previously closed at $25.91.

Analyst Ratings Changes

A number of research firms recently weighed in on AHR. Bank of America raised their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Truist Financial raised their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. JMP Securities raised their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. Finally, Morgan Stanley raised their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Trading Down 2.1 %

The firm has a market capitalization of $3.46 billion and a PE ratio of -54.63. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $19.21.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The firm had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts expect that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Healthcare REIT by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock worth $66,000 after buying an additional 654 shares during the last quarter. Kozak & Associates Inc. purchased a new position in American Healthcare REIT during the third quarter valued at $28,000. Tidemark LLC purchased a new position in American Healthcare REIT during the third quarter valued at $44,000. Kessler Investment Group LLC purchased a new position in American Healthcare REIT during the third quarter valued at $48,000. Finally, KBC Group NV purchased a new position in American Healthcare REIT during the third quarter valued at $51,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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.