WPG Advisers LLC lowered its stake in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 88.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,934 shares of the company’s stock after selling 21,639 shares during the period. WPG Advisers LLC’s holdings in American Healthcare REIT were worth $138,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. A4 Wealth Advisors LLC bought a new position in American Healthcare REIT in the third quarter valued at about $2,231,000. First American Bank bought a new position in American Healthcare REIT in the third quarter valued at about $1,681,000. Federated Hermes Inc. grew its position in American Healthcare REIT by 57.2% in the third quarter. Federated Hermes Inc. now owns 1,111,863 shares of the company’s stock valued at $46,709,000 after acquiring an additional 404,626 shares during the last quarter. Allianz Asset Management GmbH grew its position in American Healthcare REIT by 188.7% in the third quarter. Allianz Asset Management GmbH now owns 261,188 shares of the company’s stock valued at $10,973,000 after acquiring an additional 170,709 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its position in American Healthcare REIT by 27.6% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 133,028 shares of the company’s stock valued at $5,589,000 after acquiring an additional 28,740 shares during the last quarter. Institutional investors own 16.68% of the company’s stock.
American Healthcare REIT Stock Performance
NYSE:AHR opened at $50.59 on Friday. The stock has a market cap of $9.51 billion, a P/E ratio of 123.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average is $50.39 and its 200-day moving average is $48.21. American Healthcare REIT, Inc. has a 1-year low of $30.06 and a 1-year high of $54.67.
American Healthcare REIT Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, March 31st. American Healthcare REIT’s payout ratio is 243.90%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on AHR. Citigroup reiterated a “market outperform” rating on shares of American Healthcare REIT in a research report on Monday, March 2nd. Zacks Research cut American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Healthcare REIT in a research report on Monday. BMO Capital Markets began coverage on American Healthcare REIT in a research report on Thursday, January 29th. They issued an “outperform” rating and a $55.00 target price on the stock. Finally, The Goldman Sachs Group set a $60.00 target price on American Healthcare REIT in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.67.
Read Our Latest Research Report on AHR
Insider Buying and Selling at American Healthcare REIT
In other news, EVP Mark E. Foster sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $48.55, for a total transaction of $97,100.00. Following the sale, the executive vice president directly owned 56,121 shares in the company, valued at approximately $2,724,674.55. The trade was a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.
American Healthcare REIT Company 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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