American Healthcare REIT, Inc. (NYSE:AHR) CIO Stefan K.L. Oh Sells 3,860 Shares

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of 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 available through this hyperlink.

American Healthcare REIT Price Performance

NYSE AHR traded up $0.87 during trading hours on Thursday, reaching $37.23. The company's stock had a trading volume of 614,511 shares, compared to its average volume of 1,888,564. American Healthcare REIT, Inc. has a 1 year low of $14.79 and a 1 year high of $37.25. 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 company has a market capitalization of $5.94 billion, a price-to-earnings ratio of -137.87, a PEG ratio of 2.04 and a beta of 1.09. The firm's 50-day moving average price is $34.70 and its 200-day moving average price is $30.89.

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 firm had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.69%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Institutional Investors Weigh In On American Healthcare REIT

A number of hedge funds have recently made changes to their positions in AHR. Kingswood Wealth Advisors LLC bought a new stake in American Healthcare REIT in the 1st quarter worth approximately $332,000. Bank of New York Mellon Corp grew its holdings in shares of American Healthcare REIT by 139.7% in the fourth quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company's stock valued at $20,714,000 after purchasing an additional 424,773 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in American Healthcare REIT by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock worth $60,964,000 after purchasing an additional 237,139 shares during the last quarter. Wells Fargo & Company MN increased its position in American Healthcare REIT by 59.1% in the fourth quarter. Wells Fargo & Company MN now owns 179,544 shares of the company's stock worth $5,103,000 after purchasing an additional 66,675 shares during the last quarter. Finally, Amalgamated Bank raised its stake in American Healthcare REIT by 130.4% during the fourth quarter. Amalgamated Bank now owns 5,185 shares of the company's stock valued at $147,000 after purchasing an additional 2,935 shares in the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial upped their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 9th. KeyCorp boosted their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Morgan Stanley raised their target price on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Jefferies Financial Group began coverage on American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. Finally, Scotiabank began coverage on American Healthcare REIT in a research note on Monday. They issued a "sector outperform" rating and a $42.00 price objective on the stock. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $37.75.

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.