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

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AHR shares. Royal Bank of Canada raised their target price 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 raised their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Morgan Stanley upped their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. JMP Securities lifted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. Finally, Bank of America increased their price objective on shares of 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’s stock. According to MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Price Performance

The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average is $26.01 and its 200 day moving average is $20.14. The stock has a market cap of $4.49 billion and a PE ratio of -61.17.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

Institutional Investors Weigh In On American Healthcare REIT

A number of large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in American Healthcare REIT by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after buying an additional 654 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT in the third quarter valued at about $28,000. Kozak & Associates Inc. acquired a new stake in American Healthcare REIT during the 3rd quarter valued at approximately $28,000. Quarry LP purchased a new stake in American Healthcare REIT during the 3rd quarter worth approximately $33,000. Finally, Tidemark LLC acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at approximately $44,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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.