American Healthcare REIT (NYSE:AHR) Sets New 1-Year High at $19.35

American Healthcare REIT, Inc. (NYSE:AHR) reached a new 52-week high on Monday . The stock traded as high as $19.35 and last traded at $19.27, with a volume of 291087 shares changing hands. The stock had previously closed at $19.01.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AHR. Bank of America lifted their target price on American Healthcare REIT from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $17.00 target price (up from $16.00) on shares of American Healthcare REIT in a research report on Monday, July 1st. Finally, JMP Securities boosted their price objective on American Healthcare REIT from $16.00 to $18.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT has an average rating of “Moderate Buy” and an average price target of $16.75.

American Healthcare REIT Stock Performance

The firm’s 50 day moving average is $15.88. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.60.

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

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.20%.

Insider Activity at American Healthcare REIT

In other news, CEO Danny Prosky purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $14.20 per share, for a total transaction of $355,000.00. Following the completion of the acquisition, the chief executive officer now owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AHR. Manning & Napier Advisors LLC acquired a new position in shares of American Healthcare REIT in the 2nd quarter valued at about $3,317,000. Quadrature Capital Ltd acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $914,000. Centersquare Investment Management LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $63,269,000. Capstone Investment Advisors LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $1,201,000. Finally, Sei Investments Co. acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $2,967,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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.