Geode Capital Management LLC grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 10.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,364,642 shares of the company’s stock after acquiring an additional 492,805 shares during the period. Geode Capital Management LLC’s holdings in American Healthcare REIT were worth $262,837,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in AHR. Optiver Holding B.V. lifted its position in shares of American Healthcare REIT by 83.1% in the third quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of American Healthcare REIT in the second quarter valued at about $31,000. US Bancorp DE lifted its position in shares of American Healthcare REIT by 84.8% in the third quarter. US Bancorp DE now owns 1,085 shares of the company’s stock valued at $46,000 after acquiring an additional 498 shares in the last quarter. State of Wyoming purchased a new position in shares of American Healthcare REIT in the second quarter valued at about $61,000. Finally, Spirit of America Management Corp NY increased its holdings in shares of American Healthcare REIT by 50.0% in the fourth quarter. Spirit of America Management Corp NY now owns 1,500 shares of the company’s stock worth $71,000 after purchasing an additional 500 shares during the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.
American Healthcare REIT Trading Down 1.8%
Shares of NYSE AHR opened at $46.37 on Wednesday. The business’s 50 day moving average is $49.36 and its two-hundred day moving average is $49.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.45 and a quick ratio of 0.45. American Healthcare REIT, Inc. has a 1-year low of $34.03 and a 1-year high of $54.67. The stock has a market capitalization of $8.94 billion, a P/E ratio of 79.94, a PEG ratio of 1.58 and a beta of 0.80.
American Healthcare REIT Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 31st. American Healthcare REIT’s payout ratio is presently 172.41%.
Insiders Place Their Bets
In other American Healthcare REIT news, EVP Mark E. Foster sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $48.55, for a total transaction of $97,100.00. Following the sale, the executive vice president directly owned 56,121 shares of the company’s stock, valued at $2,724,674.55. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
AHR has been the topic of several research reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of American Healthcare REIT in a report on Thursday, February 5th. Royal Bank Of Canada lifted their target price on American Healthcare REIT from $54.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Weiss Ratings raised American Healthcare REIT from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. KeyCorp lifted their target price on American Healthcare REIT from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Truist Financial lifted their target price on American Healthcare REIT from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.64.
View Our Latest Analysis on American Healthcare REIT
American Healthcare REIT Company Profile
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.
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