American Healthcare REIT (NYSE:AHR) Hits New 1-Year High – Should You Buy?

American Healthcare REIT, Inc. (NYSE:AHR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $30.00 and last traded at $29.64, with a volume of 544 shares changing hands. The stock had previously closed at $29.72.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AHR shares. Truist Financial upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Finally, Royal Bank of Canada upped their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, American Healthcare REIT has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Stock Performance

The stock has a market cap of $4.61 billion and a P/E ratio of -62.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a 50-day simple moving average of $28.27 and a 200-day simple moving average of $26.15.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.32%. American Healthcare REIT’s payout ratio is presently -208.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock worth $436,455,000 after acquiring an additional 7,474,374 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after purchasing an additional 2,747,960 shares during the last quarter. Principal Financial Group Inc. increased its holdings in American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock valued at $347,831,000 after purchasing an additional 2,750,137 shares during the period. Deutsche Bank AG raised its position in American Healthcare REIT by 2.3% during the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company’s stock worth $122,513,000 after purchasing an additional 94,925 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in American Healthcare REIT by 46.4% during the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock worth $105,171,000 after buying an additional 1,172,670 shares during the period. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Company Profile

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.