Chilton Capital Management LLC Sells 32,481 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Chilton Capital Management LLC trimmed its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 10.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 264,301 shares of the company's stock after selling 32,481 shares during the period. Chilton Capital Management LLC owned approximately 0.17% of American Healthcare REIT worth $8,067,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC purchased a new position in American Healthcare REIT in the first quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after purchasing an additional 633 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of American Healthcare REIT during the first quarter worth about $30,000. Continuum Advisory LLC acquired a new stake in shares of American Healthcare REIT during the first quarter worth about $37,000. Finally, Tsfg LLC acquired a new position in American Healthcare REIT in the 1st quarter valued at about $41,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AHR has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Jefferies Financial Group initiated coverage on American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price target for the company. Scotiabank assumed coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Truist Financial lifted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $37.75.

Insider Buying and Selling

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the sale, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company's stock.

American Healthcare REIT Trading Up 1.0%

Shares of AHR stock traded up $0.37 on Wednesday, hitting $36.07. The company had a trading volume of 1,151,984 shares, compared to its average volume of 1,722,351. The firm has a market cap of $5.75 billion, a P/E ratio of -133.59, a P/E/G ratio of 2.07 and a beta of 1.09. The stock's 50-day moving average is $35.00 and its two-hundred day moving average is $31.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. American Healthcare REIT, Inc. has a twelve month low of $14.79 and a twelve month high of $37.53.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.77%. American Healthcare REIT's dividend payout ratio (DPR) is currently -370.37%.

About American Healthcare REIT

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.