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

American Healthcare REIT, Inc. (NYSE:AHR) hit 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. The stock had previously closed at $25.91.

Analyst Upgrades and Downgrades

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

American Healthcare REIT Price Performance

The firm has a fifty day moving average of $25.16 and a two-hundred day moving average of $19.21. The company 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.

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

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s payout ratio is -208.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $28,000. Tidemark LLC bought a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $44,000. Kessler Investment Group LLC bought a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $48,000. KBC Group NV bought a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $51,000. Finally, Kiely Wealth Advisory Group Inc. bought a new position in shares of American Healthcare REIT in the 2nd quarter worth approximately $30,000. 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.