Greenland Capital Management LP Lowers Position in American Healthcare REIT, Inc. $AHR

Greenland Capital Management LP lessened its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 66.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,124 shares of the company’s stock after selling 95,876 shares during the quarter. Greenland Capital Management LP’s holdings in American Healthcare REIT were worth $1,805,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in American Healthcare REIT by 22.1% during the second quarter. GAMMA Investing LLC now owns 1,716 shares of the company’s stock worth $63,000 after acquiring an additional 311 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of American Healthcare REIT by 1.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company’s stock worth $1,086,000 after purchasing an additional 393 shares during the period. Lion Street Advisors LLC grew its holdings in shares of American Healthcare REIT by 6.2% during the 2nd quarter. Lion Street Advisors LLC now owns 7,373 shares of the company’s stock worth $271,000 after purchasing an additional 430 shares during the period. Benjamin Edwards Inc. increased its position in American Healthcare REIT by 3.2% during the 1st quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company’s stock worth $435,000 after purchasing an additional 444 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in American Healthcare REIT by 8.3% in the second quarter. J.Safra Asset Management Corp now owns 6,271 shares of the company’s stock valued at $226,000 after buying an additional 480 shares during the period. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 2.6%

AHR opened at $49.16 on Wednesday. American Healthcare REIT, Inc. has a 12-month low of $26.40 and a 12-month high of $50.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $8.70 billion, a PE ratio of 351.15, a P/E/G ratio of 2.34 and a beta of 0.98. The firm’s fifty day moving average price is $43.81 and its 200 day moving average price is $39.73.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were given a $0.25 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. American Healthcare REIT’s dividend payout ratio (DPR) is presently 714.29%.

Insider Activity at American Healthcare REIT

In other news, EVP Mark E. Foster sold 1,500 shares of American Healthcare REIT stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total value of $74,025.00. Following the completion of the transaction, the executive vice president directly owned 57,600 shares of the company’s stock, valued at approximately $2,842,560. The trade was a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey T. Hanson sold 20,010 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $49.68, for a total transaction of $994,096.80. Following the completion of the transaction, the director directly owned 21,798 shares in the company, valued at $1,082,924.64. This represents a 47.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 25,360 shares of company stock worth $1,229,398. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

AHR has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of American Healthcare REIT in a report on Wednesday, October 8th. Morgan Stanley restated an “overweight” rating and set a $52.00 price objective on shares of American Healthcare REIT in a research note on Monday. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Friday, October 17th. KeyCorp increased their price objective on shares of American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, Scotiabank boosted their target price on shares of American Healthcare REIT from $47.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $50.60.

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.