M&T Bank Corp bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) in the fourth quarter, Holdings Channel reports. The firm bought 17,854 shares of the company’s stock, valued at approximately $840,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Renaissance Capital LLC bought a new stake in American Healthcare REIT during the fourth quarter worth approximately $4,718,000. Pictet Asset Management Holding SA lifted its holdings in shares of American Healthcare REIT by 12.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 24,321 shares of the company’s stock worth $1,145,000 after buying an additional 2,763 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of American Healthcare REIT by 6.8% during the fourth quarter. Sanctuary Advisors LLC now owns 5,698 shares of the company’s stock worth $268,000 after buying an additional 363 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of American Healthcare REIT by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 24,974,195 shares of the company’s stock worth $1,175,286,000 after buying an additional 1,444,456 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of American Healthcare REIT by 5.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 20,894 shares of the company’s stock worth $983,000 after buying an additional 1,129 shares during the last quarter. Institutional investors own 16.68% of the company’s stock.
American Healthcare REIT Trading Up 0.1%
Shares of American Healthcare REIT stock opened at $51.78 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.41 and a quick ratio of 0.41. The company’s fifty day moving average price is $50.06 and its two-hundred day moving average price is $48.79. American Healthcare REIT, Inc. has a 52-week low of $32.49 and a 52-week high of $54.67. The firm has a market capitalization of $9.74 billion, a PE ratio of 89.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94.
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 1.9%. The ex-dividend date was Tuesday, March 31st. American Healthcare REIT’s dividend payout ratio is currently 243.90%.
Insider Transactions at American Healthcare REIT
In other American Healthcare REIT news, EVP Mark E. Foster sold 2,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 56,121 shares in the company, valued at $2,724,674.55. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on AHR. Citizens Jmp reiterated a “market outperform” rating and set a $60.00 price target on shares of American Healthcare REIT in a report on Thursday, February 5th. Truist Financial upped their price target on American Healthcare REIT from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Healthcare REIT in a report on Monday, April 20th. The Goldman Sachs Group set a $60.00 price target on American Healthcare REIT in a report on Monday, March 2nd. Finally, BMO Capital Markets initiated coverage on American Healthcare REIT in a report on Thursday, January 29th. They set an “outperform” rating and a $55.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.18.
View Our Latest Report 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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