American Healthcare REIT (NYSE:AHR) Sets New 12-Month High at $21.18

American Healthcare REIT, Inc. (NYSE:AHR) reached a new 52-week high during trading on Monday . The company traded as high as $21.18 and last traded at $21.03, with a volume of 93366 shares changing hands. The stock had previously closed at $21.01.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AHR shares. Morgan Stanley lifted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial reaffirmed a “buy” rating and set a $17.00 price target (up previously from $16.00) on shares of American Healthcare REIT in a research report on Monday, July 1st. Bank of America increased their price objective on American Healthcare REIT from $19.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, JMP Securities lifted their target price 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.38.

American Healthcare REIT Price Performance

The firm’s fifty day moving average is $16.40 and its 200-day moving average is $14.80. 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 (NYSE:AHR) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 3.26% and a negative net margin of 2.77%. The business had revenue of $504.60 million for the quarter, compared to analysts’ expectations of $506.55 million. American Healthcare REIT’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.2 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $30,000. Amalgamated Bank purchased a new position in shares of American Healthcare REIT in the second quarter valued at $33,000. Commonwealth Equity Services LLC raised its stake in shares of American Healthcare REIT by 11.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock worth $336,000 after buying an additional 2,429 shares during the last quarter. Peak Financial Advisors LLC grew its position in shares of American Healthcare REIT by 10.4% in the second quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company’s stock valued at $455,000 after purchasing an additional 2,921 shares during the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new position in American Healthcare REIT during the second quarter worth $45,000. 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.