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

American Healthcare REIT, Inc. (NYSE:AHR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $28.70 and last traded at $28.70, with a volume of 348301 shares. The stock had previously closed at $28.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AHR shares. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Royal Bank of Canada boosted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. KeyCorp boosted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. JMP Securities boosted their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Finally, Bank of America boosted 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT Stock Up 1.2 %

The business has a 50 day moving average of $25.82 and a 200 day moving average of $19.92. The firm has a market capitalization of $4.43 billion and a price-to-earnings ratio of -59.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend payout ratio is -208.33%.

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in shares of American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the period. Wellington Management Group LLP raised its position in shares of American Healthcare REIT by 25.7% during the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after purchasing an additional 2,747,960 shares during the period. State Street Corp raised its position in shares of American Healthcare REIT by 221.6% during the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after purchasing an additional 2,538,177 shares during the period. FMR LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $56,575,000. Finally, Commonwealth Equity Services LLC raised its position in shares of American Healthcare REIT by 6,875.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after purchasing an additional 1,582,426 shares during the period. Institutional investors and hedge funds 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.