American Healthcare REIT (NYSE:AHR) Reaches New 12-Month High – What’s Next?

American Healthcare REIT, Inc. (NYSE:AHR) shares hit a new 52-week high during mid-day trading on Monday. The company traded as high as $58.79 and last traded at $58.5460, with a volume of 1,077,160 shares. The stock had previously closed at $57.91.

Analysts Set New Price Targets

AHR has been the topic of several recent research reports. Truist Financial upped their price target on shares of American Healthcare REIT from $57.00 to $61.00 and gave the company a “buy” rating in a report on Friday, August 14th. Barclays dropped their price objective on shares of American Healthcare REIT from $66.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Compass Point started coverage on American Healthcare REIT in a research report on Tuesday, July 21st. They set a “buy” rating and a $70.00 price objective for the company. Scotiabank upped their target price on American Healthcare REIT from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Finally, KeyCorp increased their target price on American Healthcare REIT from $58.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, American Healthcare REIT presently has an average rating of “Buy” and a consensus price target of $62.00.

American Healthcare REIT Stock Up 1.5%

The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 119.92, a P/E/G ratio of 1.41 and a beta of 0.78. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $53.09 and its two-hundred day moving average is $51.65.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $742.15 million for the quarter, compared to analysts’ expectations of $703.51 million. American Healthcare REIT had a net margin of 3.61% and a return on equity of 2.38%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. On average, sell-side analysts predict that American Healthcare REIT, Inc. will post 2.19 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. American Healthcare REIT’s dividend payout ratio is presently 204.08%.

Insider Transactions at American Healthcare REIT

In other American Healthcare REIT news, EVP Mark Foster sold 1,500 shares of American Healthcare REIT stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $52.06, for a total value of $78,090.00. Following the completion of the sale, the executive vice president directly owned 50,117 shares of the company’s stock, valued at approximately $2,609,091.02. The trade was a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. increased its position in shares of American Healthcare REIT by 115.2% in the third quarter. Bessemer Group Inc. now owns 1,233 shares of the company’s stock worth $64,000 after acquiring an additional 660 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of American Healthcare REIT by 37.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,390 shares of the company’s stock valued at $174,000 after acquiring an additional 928 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of American Healthcare REIT by 9.7% during the 3rd quarter. Aberdeen Group plc now owns 1,165,841 shares of the company’s stock valued at $59,761,000 after acquiring an additional 102,704 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of American Healthcare REIT by 8.4% during the 3rd quarter. Allworth Financial LP now owns 43,769 shares of the company’s stock valued at $2,283,000 after acquiring an additional 3,384 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in American Healthcare REIT by 197.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,445,020 shares of the company’s stock worth $125,332,000 after purchasing an additional 1,623,635 shares during the period. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

About American Healthcare REIT

American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses.

The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care.

American Healthcare REIT began trading on the New York Stock Exchange in 2024.