American Healthcare REIT (NYSE:AHR) Reaches New 12-Month High - Should You Buy?

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $27.75 and last traded at $27.61, with a volume of 243595 shares traded. The stock had previously closed at $25.91.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of research analyst reports. Bank of America boosted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. KeyCorp boosted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Morgan Stanley boosted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Finally, JMP Securities boosted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

American Healthcare REIT Trading Up 3.5 %

The stock has a market cap of $3.53 billion and a P/E ratio of -55.84. The firm's fifty day moving average price is $25.16 and its two-hundred day moving average price is $19.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.73%. American Healthcare REIT's payout ratio is -208.33%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Centersquare Investment Management LLC bought a new stake in shares of American Healthcare REIT in the first quarter worth about $63,269,000. V3 Capital Management L.P. bought a new stake in shares of American Healthcare REIT in the first quarter worth about $42,337,000. FMR LLC bought a new stake in shares of American Healthcare REIT in the third quarter worth about $56,575,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of American Healthcare REIT by 118.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock worth $49,798,000 after purchasing an additional 1,034,365 shares during the last quarter. Hedge funds and other 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.