American Healthcare REIT (NYSE:AHR) Sets New 52-Week High – Time to Buy?

American Healthcare REIT, Inc. (NYSE:AHR)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $30.00 and last traded at $29.64, with a volume of 544 shares. The stock had previously closed at $29.72.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial boosted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. Finally, Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

American Healthcare REIT Trading Down 1.2 %

The company’s 50 day simple moving average is $28.37 and its 200-day simple moving average is $26.27. The firm has a market cap of $4.57 billion and a P/E ratio of -62.15. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

Several hedge funds have recently bought and sold shares of AHR. Vanguard Group Inc. boosted its holdings in shares of American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock valued at $436,455,000 after purchasing an additional 7,474,374 shares during the period. Wellington Management Group LLP raised its position in American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after purchasing an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock worth $347,831,000 after buying an additional 2,750,137 shares during the period. Deutsche Bank AG grew its position in shares of American Healthcare REIT by 2.3% during the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company’s stock worth $122,513,000 after buying an additional 94,925 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of American Healthcare REIT by 46.4% during the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock valued at $105,171,000 after buying an additional 1,172,670 shares during the period. 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.