Silver Oak Securities Incorporated boosted its position in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 82.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,739 shares of the company’s stock after acquiring an additional 17,935 shares during the period. Silver Oak Securities Incorporated’s holdings in American Healthcare REIT were worth $1,897,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in AHR. Vanguard Group Inc. raised its position in shares of American Healthcare REIT by 2.7% during the third quarter. Vanguard Group Inc. now owns 23,529,739 shares of the company’s stock worth $988,484,000 after purchasing an additional 611,809 shares during the period. State Street Corp grew its position in American Healthcare REIT by 6.5% in the 2nd quarter. State Street Corp now owns 6,902,944 shares of the company’s stock valued at $255,289,000 after purchasing an additional 422,931 shares during the period. Invesco Ltd. grew its position in American Healthcare REIT by 15.9% in the 2nd quarter. Invesco Ltd. now owns 5,820,530 shares of the company’s stock valued at $213,846,000 after purchasing an additional 798,075 shares during the period. Alliancebernstein L.P. increased its stake in American Healthcare REIT by 16.7% during the 2nd quarter. Alliancebernstein L.P. now owns 5,318,866 shares of the company’s stock valued at $195,415,000 after purchasing an additional 759,501 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in American Healthcare REIT by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 2,838,692 shares of the company’s stock valued at $119,254,000 after purchasing an additional 282,692 shares in the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.
American Healthcare REIT Stock Performance
Shares of AHR stock opened at $47.23 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 115.20, a P/E/G ratio of 1.72 and a beta of 0.95. American Healthcare REIT, Inc. has a 52 week low of $26.48 and a 52 week high of $54.67. The firm’s 50-day simple moving average is $50.12 and its two-hundred day simple moving average is $47.49.
American Healthcare REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, March 31st. American Healthcare REIT’s dividend payout ratio is 243.90%.
Analyst Upgrades and Downgrades
AHR has been the topic of a number of recent research reports. Scotiabank raised their price objective on shares of American Healthcare REIT from $55.00 to $59.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of American Healthcare REIT in a research report on Wednesday, January 21st. BMO Capital Markets initiated coverage on shares of American Healthcare REIT in a report on Thursday, January 29th. They issued an “outperform” rating and a $55.00 target price on the stock. The Goldman Sachs Group set a $60.00 price target on shares of American Healthcare REIT in a research report on Monday, March 2nd. Finally, Truist Financial lifted their price target on American Healthcare REIT from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.67.
Read Our Latest Stock Analysis on American Healthcare REIT
Insider Transactions at American Healthcare REIT
In other American Healthcare REIT news, EVP Mark E. Foster sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $48.55, for a total value of $97,100.00. Following the completion of the sale, the executive vice president directly owned 56,121 shares of the company’s stock, valued at $2,724,674.55. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.
American Healthcare REIT 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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