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

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $31.04 and last traded at $30.77, with a volume of 795280 shares changing hands. The stock had previously closed at $30.30.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada restated an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Finally, KeyCorp decreased their target price on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $33.33.

American Healthcare REIT Stock Performance

The stock's 50-day simple moving average is $29.18 and its 200-day simple moving average is $27.78. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of -59.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

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American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after purchasing an additional 7,474,374 shares during the period. Principal Financial Group Inc. grew its stake in American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after buying an additional 3,330,714 shares in the last quarter. Wellington Management Group LLP increased its holdings in 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 valued at $350,934,000 after buying an additional 2,747,960 shares during the period. State Street Corp raised its position in shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock valued at $96,473,000 after buying an additional 2,538,177 shares in the last quarter. Finally, FMR LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $56,575,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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.