A&I Financial Services LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,985 shares of the company's stock, valued at approximately $212,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wolff Wiese Magana LLC bought a new stake in American Healthcare REIT in the 1st quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after buying an additional 633 shares during the period. Spirit of America Management Corp NY bought a new stake in American Healthcare REIT in the 1st quarter valued at $30,000. Continuum Advisory LLC bought a new stake in American Healthcare REIT in the 1st quarter valued at $37,000. Finally, Tsfg LLC bought a new stake in American Healthcare REIT in the 1st quarter valued at $41,000. Institutional investors own 16.68% of the company's stock.
American Healthcare REIT Price Performance
NYSE:AHR traded up $0.27 during mid-day trading on Wednesday, reaching $37.36. 871,482 shares of the company were exchanged, compared to its average volume of 1,897,742. American Healthcare REIT, Inc. has a 12 month low of $14.79 and a 12 month high of $37.75. The company has a fifty day moving average of $35.54 and a 200 day moving average of $31.43. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.96 billion, a PE ratio of -138.37, a PEG ratio of 2.08 and a beta of 1.09.
American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company's revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.
American Healthcare REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.68%. American Healthcare REIT's payout ratio is presently -370.37%.
Insider Transactions at American Healthcare REIT
In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the transaction, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Truist Financial boosted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, June 9th. KeyCorp boosted their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 target price on the stock. Finally, Scotiabank assumed coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $37.75.
View Our Latest Stock Analysis on American Healthcare REIT
About American Healthcare REIT
(
Free Report)
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.
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