American Healthcare REIT (NYSE:AHR) Hits New 1-Year High Following Dividend Announcement

American Healthcare REIT, Inc. (NYSE:AHR)’s stock price hit a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $22.68 and last traded at $22.58, with a volume of 74248 shares traded. The stock had previously closed at $22.40.

The newly announced dividend which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, September 20th.

Analyst Ratings Changes

AHR has been the subject of a number of recent analyst reports. JMP Securities upped their target price on American Healthcare REIT from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Truist Financial boosted their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Bank of America boosted their target price on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.00.

American Healthcare REIT Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The company’s 50 day moving average is $18.01 and its 200 day moving average is $15.48.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kiely Wealth Advisory Group Inc. bought a new stake in American Healthcare REIT in the 2nd quarter valued at $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT in the second quarter worth about $33,000. Semmax Financial Advisors Inc. acquired a new position in American Healthcare REIT in the second quarter worth about $45,000. CWM LLC bought a new position in American Healthcare REIT during the second quarter worth about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in American Healthcare REIT during the second quarter valued at approximately $110,000. 16.68% of the stock is currently 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.