American Healthcare REIT (NYSE:AHR) Hits New 52-Week High – Here’s What Happened

Shares of American Healthcare REIT, Inc. (NYSE:AHR) hit a new 52-week high on Tuesday . The stock traded as high as $52.47 and last traded at $52.30, with a volume of 263424 shares. The stock had previously closed at $51.80.

Analysts Set New Price Targets

Several equities analysts have commented on AHR shares. Citizens Jmp reissued a “market outperform” rating and set a $60.00 price objective on shares of American Healthcare REIT in a research report on Thursday, February 5th. Scotiabank increased their price target on shares of American Healthcare REIT from $47.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Royal Bank Of Canada upped their price objective on shares of American Healthcare REIT from $45.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Finally, KeyCorp raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

American Healthcare REIT Stock Performance

The business’s fifty day moving average is $48.23 and its two-hundred day moving average is $45.59. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $9.23 billion, a PE ratio of 372.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.03.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. American Healthcare REIT’s dividend payout ratio (DPR) is 714.29%.

Insiders Place Their Bets

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 35,570 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $48.38, for a total transaction of $1,720,876.60. Following the transaction, the director owned 19,208 shares in the company, valued at approximately $929,283.04. This represents a 64.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On American Healthcare REIT

A number of large investors have recently made changes to their positions in the company. Fortis Group Advisors LLC boosted its holdings in shares of American Healthcare REIT by 0.8% in the third quarter. Fortis Group Advisors LLC now owns 27,565 shares of the company’s stock worth $1,235,000 after buying an additional 209 shares during the last quarter. Spire Wealth Management raised its position in American Healthcare REIT by 1.8% in the fourth quarter. Spire Wealth Management now owns 16,127 shares of the company’s stock worth $759,000 after acquiring an additional 279 shares during the period. Optiver Holding B.V. boosted its stake 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 worth $27,000 after acquiring an additional 296 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of American Healthcare REIT by 0.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 33,300 shares of the company’s stock valued at $1,406,000 after acquiring an additional 300 shares during the period. Finally, Militia Capital Partners LP grew its position in shares of American Healthcare REIT by 1.6% during the 3rd quarter. Militia Capital Partners LP now owns 19,100 shares of the company’s stock valued at $802,000 after acquiring an additional 300 shares during the period. 16.68% of the stock is currently owned by institutional investors.

About American Healthcare REIT

American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare‐related properties across the United States. The company’s portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long‐term net lease or triple‐net lease structures designed to provide stable, predictable rental income.

Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high‐growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.