American Healthcare REIT (NYSE:AHR) Sets New 12-Month High Following Analyst Upgrade

American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high on Monday after KeyCorp raised their price target on the stock from $16.00 to $27.00. KeyCorp currently has an overweight rating on the stock. American Healthcare REIT traded as high as $25.10 and last traded at $25.08, with a volume of 156179 shares. The stock had previously closed at $24.58.

A number of other analysts have also weighed in on AHR. Truist Financial increased their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. JMP Securities lifted their price objective on shares of American Healthcare REIT from $16.00 to $18.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Bank of America upped 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 note on Tuesday, August 20th. Finally, Morgan Stanley boosted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

Hedge Funds Weigh In On American Healthcare REIT

Large investors have recently bought and sold shares of the business. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT in the second quarter worth about $30,000. Amalgamated Bank bought a new position in shares of American Healthcare REIT during the 2nd quarter worth approximately $33,000. Semmax Financial Advisors Inc. purchased a new stake in American Healthcare REIT during the second quarter valued at approximately $45,000. CWM LLC purchased a new position in American Healthcare REIT in the second quarter worth $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in American Healthcare REIT in the second quarter worth $110,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $18.70 and a 200-day moving average price of $15.77.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results 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 business had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 4.11%.

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.