American Healthcare REIT (NYSE:AHR) Reaches New 52-Week High at $15.36

American Healthcare REIT, Inc. (NYSE:AHR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.36 and last traded at $15.34, with a volume of 24842 shares. The stock had previously closed at $15.13.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AHR. Truist Financial reaffirmed a “buy” rating and set a $17.00 target price (up previously from $16.00) on shares of American Healthcare REIT in a report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of American Healthcare REIT in a research note on Thursday, May 16th. Finally, Barclays initiated coverage on shares of American Healthcare REIT in a report on Thursday, March 14th. They set an “overweight” rating and a $18.00 target price on the stock. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

American Healthcare REIT Price Performance

The firm has a 50-day moving average of $14.37. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 27th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend is Thursday, June 27th.

Insider Transactions at American Healthcare REIT

In other news, CEO Danny Prosky bought 25,000 shares of American Healthcare REIT stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $14.20 per share, with a total value of $355,000.00. Following the completion of the purchase, the chief executive officer now directly owns 108,333 shares in the company, valued at $1,538,328.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AHR. Peak Financial Advisors LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at about $416,000. Principal Financial Group Inc. purchased a new position in American Healthcare REIT in the 1st quarter worth approximately $88,504,000. Peregrine Capital Management LLC bought a new stake in American Healthcare REIT in the first quarter valued at approximately $7,763,000. Seven Grand Managers LLC purchased a new stake in shares of American Healthcare REIT during the first quarter valued at approximately $1,032,000. Finally, V3 Capital Management L.P. bought a new position in shares of American Healthcare REIT in the first quarter worth approximately $42,337,000. 16.68% of the stock is 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.