American Healthcare REIT (NYSE:AHR) Reaches New 12-Month High – Still a Buy?

American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $51.11 and last traded at $51.2960, with a volume of 10400 shares traded. The stock had previously closed at $50.47.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AHR shares. KeyCorp raised their price objective on shares of American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Zacks Research lowered shares of American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. BMO Capital Markets assumed coverage on shares of American Healthcare REIT in a research report on Thursday, January 29th. They issued an “outperform” rating and a $55.00 price objective for the company. Truist Financial decreased their price objective on American Healthcare REIT from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Finally, UBS Group lifted their target price on American Healthcare REIT from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average target price of $51.83.

American Healthcare REIT Trading Up 1.5%

The business’s 50 day simple moving average is $47.84 and its 200-day simple moving average is $45.01. 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 $9.07 billion, a P/E ratio of 367.14, a PEG ratio of 1.87 and a beta of 1.03.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently 714.29%.

Insider Activity at American Healthcare REIT

In related news, Director Jeffrey T. Hanson sold 19,208 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $48.40, for a total value of $929,667.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors have recently modified their holdings of the stock. Fortis Group Advisors LLC boosted its stake in American Healthcare REIT by 0.8% during the 3rd quarter. Fortis Group Advisors LLC now owns 27,565 shares of the company’s stock worth $1,235,000 after acquiring an additional 209 shares during the last quarter. Spire Wealth Management increased its stake in American Healthcare REIT by 1.8% in the fourth quarter. Spire Wealth Management now owns 16,127 shares of the company’s stock valued at $759,000 after purchasing an additional 279 shares in the last quarter. Optiver Holding B.V. raised its holdings in American Healthcare REIT by 83.1% in the third quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock worth $27,000 after purchasing an additional 296 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of American Healthcare REIT by 0.9% during the third quarter. KLP Kapitalforvaltning AS now owns 33,300 shares of the company’s stock worth $1,406,000 after purchasing an additional 300 shares in the last quarter. Finally, Militia Capital Partners LP grew its holdings in shares of American Healthcare REIT by 1.6% in the 3rd quarter. Militia Capital Partners LP now owns 19,100 shares of the company’s stock valued at $802,000 after buying an additional 300 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

About American Healthcare REIT

American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare‐related properties across the United States. The company’s portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long‐term net lease or triple‐net lease structures designed to provide stable, predictable rental income.

Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high‐growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.