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

American Healthcare REIT, Inc. (NYSE:AHR)’s share price reached a new 52-week high on Thursday . The stock traded as high as $50.60 and last traded at $50.4260, with a volume of 143160 shares traded. The stock had previously closed at $49.49.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AHR shares. Zacks Research raised shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. JMP Securities raised their target price on American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, October 17th. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research note on Friday, October 17th. Truist Financial lifted their target price on American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Morgan Stanley set a $55.00 price target on shares of American Healthcare REIT in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $50.90.

American Healthcare REIT Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 361.33, a PEG ratio of 2.05 and a beta of 0.98. The stock’s 50 day simple moving average is $43.93 and its 200-day simple moving average is $39.80.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio is presently 714.29%.

Insider Activity

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 20,010 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $49.68, for a total value of $994,096.80. Following the completion of the sale, the director owned 21,798 shares of the company’s stock, valued at $1,082,924.64. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark E. Foster sold 3,850 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total value of $161,276.50. Following the sale, the executive vice president owned 59,100 shares of the company’s stock, valued at approximately $2,475,699. This trade represents a 6.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 25,360 shares of company stock worth $1,229,398. Corporate insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund grew its stake in American Healthcare REIT by 37.8% in the 1st quarter. New York State Common Retirement Fund now owns 47,000 shares of the company’s stock valued at $1,424,000 after buying an additional 12,900 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $364,000. Private Advisor Group LLC grew its position in shares of American Healthcare REIT by 8.5% in the first quarter. Private Advisor Group LLC now owns 33,614 shares of the company’s stock valued at $1,019,000 after purchasing an additional 2,642 shares during the last quarter. Allianz Asset Management GmbH bought a new position in shares of American Healthcare REIT in the first quarter worth about $2,687,000. Finally, Choreo LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter worth about $354,000. Institutional investors 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.