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

American Healthcare REIT, Inc. (NYSE:AHR) 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 trading hands. The stock had previously closed at $49.49.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of research analyst reports. Scotiabank increased their target price on shares of American Healthcare REIT from $47.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Zacks Research raised shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Morgan Stanley raised their target price on shares of American Healthcare REIT from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday. JMP Securities upped their price target on shares of 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. Finally, Royal Bank Of Canada increased their price target on American Healthcare REIT from $45.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, American Healthcare REIT has a consensus rating of “Buy” and a consensus price target of $51.00.

American Healthcare REIT Stock Down 2.6%

The firm’s 50 day moving average price is $44.17 and its two-hundred day moving average price is $39.97. The firm has a market capitalization of $8.49 billion, a PE ratio of 342.64, a P/E/G ratio of 2.05 and a beta of 0.98. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.37.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. 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, EVP Mark E. Foster sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total transaction of $74,025.00. Following the completion of the sale, the executive vice president owned 57,600 shares in the company, valued at $2,842,560. This trade represents a 2.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey T. Hanson sold 20,010 shares of American Healthcare REIT stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $49.68, for a total value of $994,096.80. Following the sale, the director owned 21,798 shares in the company, valued at $1,082,924.64. This represents a 47.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,360 shares of company stock valued at $1,229,398 over the last 90 days. Insiders own 0.92% of the company’s stock.

Institutional Trading of American Healthcare REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in AHR. CIBC Bancorp USA Inc. bought a new stake in American Healthcare REIT during the third quarter valued at $713,000. Centaurus Financial Inc. boosted its holdings in shares of American Healthcare REIT by 6.7% in the 3rd quarter. Centaurus Financial Inc. now owns 5,503 shares of the company’s stock valued at $231,000 after buying an additional 346 shares during the period. Advisory Services Network LLC acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at about $101,000. Harvest Investment Services LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter valued at about $272,000. Finally, NewEdge Advisors LLC raised its stake in American Healthcare REIT by 5.0% during the third quarter. NewEdge Advisors LLC now owns 43,035 shares of the company’s stock worth $1,808,000 after acquiring an additional 2,066 shares during the period. Institutional investors own 16.68% of the company’s stock.

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.