Kennedy Capital Management LLC Buys 229,165 Shares of American Healthcare REIT, Inc. $AHR

Kennedy Capital Management LLC increased its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 813.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 257,344 shares of the company’s stock after acquiring an additional 229,165 shares during the period. Kennedy Capital Management LLC’s holdings in American Healthcare REIT were worth $9,455,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of American Healthcare REIT by 22.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,716 shares of the company’s stock valued at $63,000 after buying an additional 311 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in American Healthcare REIT by 1.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company’s stock worth $1,086,000 after purchasing an additional 393 shares during the period. Lion Street Advisors LLC lifted its position in American Healthcare REIT by 6.2% during the 2nd quarter. Lion Street Advisors LLC now owns 7,373 shares of the company’s stock valued at $271,000 after purchasing an additional 430 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of American Healthcare REIT by 3.2% in the 1st quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company’s stock valued at $435,000 after purchasing an additional 444 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its holdings in American Healthcare REIT by 8.3% in the second quarter. J.Safra Asset Management Corp now owns 6,271 shares of the company’s stock valued at $226,000 after buying an additional 480 shares during the period. 16.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AHR shares. Scotiabank boosted their price objective on shares of American Healthcare REIT from $47.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, November 13th. Citizens Jmp lifted their price target on shares of American Healthcare REIT from $50.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Monday, November 10th. Citigroup boosted their price target on shares of American Healthcare REIT from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 21st. UBS Group raised their price objective on American Healthcare REIT from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada lifted their target price on American Healthcare REIT from $45.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Buy” and an average target price of $51.64.

Insider Transactions at American Healthcare REIT

In related news, Director Jeffrey T. Hanson sold 20,010 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $49.68, for a total transaction of $994,096.80. Following the transaction, the director directly owned 21,798 shares in the company, valued at approximately $1,082,924.64. The trade was a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark E. Foster sold 1,500 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total transaction of $74,025.00. Following the completion of the sale, the executive vice president owned 57,600 shares of the company’s stock, valued at approximately $2,842,560. This represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.92% of the company’s stock.

American Healthcare REIT Trading Down 0.7%

Shares of NYSE:AHR opened at $49.97 on Friday. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 356.93, a PEG ratio of 2.10 and a beta of 0.93. American Healthcare REIT, Inc. has a 12 month low of $26.40 and a 12 month high of $51.02. The company’s fifty day simple moving average is $45.57 and its 200 day simple moving average is $40.97. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.37.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, September 30th. American Healthcare REIT’s payout ratio is 714.29%.

American Healthcare REIT Company Profile

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.