American Healthcare REIT (NYSE:AHR) Sets New 52-Week High - What's Next?

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

Wall Street Analyst Weigh In

AHR has been the topic of a number of recent research reports. Truist Financial upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Morgan Stanley upped their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, December 30th. Finally, Royal Bank of Canada increased their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, American Healthcare REIT currently has an average rating of "Moderate Buy" and a consensus target price of $26.00.

American Healthcare REIT Price Performance

The company has a 50-day moving average of $28.37 and a two-hundred day moving average of $26.39. 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 market capitalization of $4.67 billion and a PE ratio of -63.52.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.28%. American Healthcare REIT's payout ratio is currently -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of American Healthcare REIT by 94.8% in the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after purchasing an additional 7,474,374 shares during the last quarter. Wellington Management Group LLP raised its position in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock worth $350,934,000 after buying an additional 2,747,960 shares during the period. Principal Financial Group Inc. boosted 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 acquiring an additional 2,750,137 shares during the last quarter. Deutsche Bank AG grew its position in American Healthcare REIT by 2.3% during the fourth quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock valued at $122,513,000 after acquiring an additional 94,925 shares during the period. Finally, Geode Capital Management LLC increased its stake in American Healthcare REIT by 46.4% during the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after acquiring an additional 1,172,670 shares during the last quarter. 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.