American Healthcare REIT (NYSE:AHR) Hits New 52-Week High Following Analyst Upgrade

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) hit a new 52-week high on Monday after Truist Financial raised their price target on the stock from $22.00 to $27.00. Truist Financial currently has a buy rating on the stock. American Healthcare REIT traded as high as $26.42 and last traded at $26.36, with a volume of 70605 shares trading hands. The stock had previously closed at $25.68.

AHR has been the subject of a number of other reports. Bank of America increased their price target on American Healthcare REIT from $19.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, August 20th. JMP Securities raised their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Finally, Morgan Stanley upped their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.50.

Hedge Funds Weigh In On American Healthcare REIT

A number of institutional investors have recently bought and sold shares of the stock. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT in the second quarter worth about $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT in the 2nd quarter worth approximately $33,000. Commonwealth Equity Services LLC grew its position in American Healthcare REIT by 11.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company's stock worth $336,000 after purchasing an additional 2,429 shares in the last quarter. Peak Financial Advisors LLC raised its stake in American Healthcare REIT by 10.4% during the 2nd quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company's stock valued at $455,000 after purchasing an additional 2,921 shares during the period. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter valued at $45,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Up 1.4 %

The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $19.44 and a 200 day moving average price of $16.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). The business had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The business's revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.84%.

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.