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

American Healthcare REIT, Inc. (NYSE:AHR) reached a new 52-week high on Thursday . The company traded as high as $50.93 and last traded at $50.88, with a volume of 168983 shares. The stock had previously closed at $50.31.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup increased their price objective on American Healthcare REIT from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. 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. Citizens Jmp lifted their price target on shares of American Healthcare REIT from $50.00 to $60.00 and gave the stock a “market outperform” rating in a report on Monday, November 10th. KeyCorp upped 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 note on Thursday, November 13th. Finally, Royal Bank Of Canada raised their target price on shares of American Healthcare REIT from $45.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $51.64.

American Healthcare REIT Price Performance

The company’s 50-day moving average is $45.40 and its 200-day moving average is $40.91. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 363.39, a PEG ratio of 2.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44.

American Healthcare REIT Dividend Announcement

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

Insider Buying and Selling at American Healthcare REIT

In other news, Director Jeffrey T. Hanson sold 20,010 shares of the firm’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 transaction, the director directly owned 21,798 shares in the company, valued at $1,082,924.64. This trade represents a 47.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark E. Foster sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total value of $74,025.00. Following the sale, the executive vice president owned 57,600 shares of the company’s stock, valued at $2,842,560. The trade was a 2.54% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On American Healthcare REIT

Institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. lifted its holdings in shares of American Healthcare REIT by 83.1% during the 3rd quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Trust Co. of Vermont purchased a new position in American Healthcare REIT in the third quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new position in shares of American Healthcare REIT during the second quarter worth about $31,000. Total Investment Management Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the second quarter valued at about $34,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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.