American Healthcare REIT (NYSE:AHR) Sees Large Volume Increase

American Healthcare REIT, Inc. (NYSE:AHR) shares saw unusually-high trading volume on Thursday . Approximately 2,204,780 shares were traded during trading, an increase of 78% from the previous session’s volume of 1,239,201 shares.The stock last traded at $24.70 and had previously closed at $24.53.

Analysts Set New Price Targets

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

American Healthcare REIT Price Performance

The stock’s fifty day moving average is $19.44 and its 200-day moving average is $16.05. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). The company had revenue of $504.60 million during 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 for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.28 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, September 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AHR. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT during the second quarter valued at $30,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $33,000. Commonwealth Equity Services LLC lifted its holdings in American Healthcare REIT by 11.8% in the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock valued at $336,000 after buying an additional 2,429 shares during the period. Peak Financial Advisors LLC boosted its stake in American Healthcare REIT by 10.4% in the second quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company’s stock valued at $455,000 after acquiring an additional 2,921 shares during the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in American Healthcare REIT during the 2nd quarter worth $45,000. 16.68% of the stock is owned by 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.