American Healthcare REIT (NYSE:AHR) EVP Sells $74,025.00 in Stock

American Healthcare REIT, Inc. (NYSE:AHR) EVP Mark Foster sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 owned 57,600 shares in the company, valued at $2,842,560. This represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

American Healthcare REIT Stock Down 2.8%

American Healthcare REIT stock traded down $1.36 during trading on Wednesday, hitting $47.81. 1,967,891 shares of the company were exchanged, compared to its average volume of 1,606,943. The company has a market capitalization of $8.06 billion, a P/E ratio of 341.51, a PEG ratio of 2.43 and a beta of 0.98. The business’s 50 day moving average is $43.24 and its 200 day moving average is $39.16. American Healthcare REIT, Inc. has a 52 week low of $26.11 and a 52 week high of $50.51. The company has a current ratio of 0.44, a quick ratio of 0.48 and a debt-to-equity ratio of 0.37.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued a $0.25 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. American Healthcare REIT’s dividend payout ratio is currently 714.29%.

Institutional Trading of American Healthcare REIT

Several hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. increased its holdings in American Healthcare REIT by 83.1% in 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. Trust Co. of Vermont bought a new position in American Healthcare REIT during the third quarter worth about $28,000. Darwin Wealth Management LLC purchased a new position in shares of American Healthcare REIT in the second quarter worth about $31,000. Total Investment Management Inc. bought a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $32,000. Finally, Physician Wealth Advisors Inc. bought a new position in American Healthcare REIT in the 2nd quarter worth approximately $34,000. 16.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AHR. Baird R W raised shares of American Healthcare REIT to a “strong-buy” rating in a research report on Thursday, July 17th. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research report on Friday, October 17th. UBS Group assumed coverage on American Healthcare REIT in a research report on Friday, September 19th. They set a “buy” rating and a $51.00 price target for the company. Royal Bank Of Canada lifted their price target on American Healthcare REIT from $45.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Scotiabank restated an “outperform” rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $47.40.

American Healthcare REIT Company Profile

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.