Mutual Advisors LLC grew its position in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,146 shares of the company’s stock after buying an additional 543 shares during the period. Mutual Advisors LLC’s holdings in American Healthcare REIT were worth $416,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in AHR. GAMMA Investing LLC grew its holdings in shares of American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock valued at $43,000 after buying an additional 417 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of American Healthcare REIT by 25.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company’s stock valued at $530,000 after buying an additional 3,578 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $332,000. State of Alaska Department of Revenue grew its holdings in shares of American Healthcare REIT by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 73,711 shares of the company’s stock valued at $2,232,000 after buying an additional 912 shares during the period. Finally, Continuum Advisory LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 16.68% of the company’s stock.
American Healthcare REIT Trading Down 0.1%
Shares of NYSE:AHR opened at $43.35 on Tuesday. The company’s 50-day moving average price is $41.98 and its two-hundred day moving average price is $37.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48. American Healthcare REIT, Inc. has a one year low of $24.21 and a one year high of $43.74. The stock has a market capitalization of $7.31 billion, a PE ratio of -197.05, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98.
American Healthcare REIT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 2.3%. American Healthcare REIT’s payout ratio is -454.55%.
Insider Buying and Selling
In other American Healthcare REIT news, EVP Mark E. Foster sold 3,850 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total transaction of $161,276.50. Following the sale, the executive vice president directly owned 59,100 shares of the company’s stock, valued at $2,475,699. The trade was a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
AHR has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of American Healthcare REIT in a report on Wednesday, October 8th. JMP Securities upped their target price on shares of American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating on shares of American Healthcare REIT in a research note on Wednesday, September 3rd. KeyCorp upped their target price on shares of American Healthcare REIT from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Baird R W raised shares of American Healthcare REIT to a “strong-buy” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, American Healthcare REIT has an average rating of “Buy” and an average target price of $45.00.
View Our Latest Report on American Healthcare REIT
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.
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