Jeffrey Hanson Sells 20,010 Shares of American Healthcare REIT (NYSE:AHR) Stock

American Healthcare REIT, Inc. (NYSE:AHR) Director Jeffrey Hanson sold 20,010 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $49.68, for a total value of $994,096.80. Following the transaction, the director owned 21,798 shares of the company’s stock, valued at approximately $1,082,924.64. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

American Healthcare REIT Stock Down 0.1%

Shares of AHR traded down $0.07 during midday trading on Monday, hitting $49.35. The company had a trading volume of 2,445,275 shares, compared to its average volume of 1,529,794. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.44 and a beta of 0.98. The company’s 50 day moving average price is $43.09 and its 200 day moving average price is $39.03. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. American Healthcare REIT, Inc. has a 52 week low of $25.87 and a 52 week high of $50.51.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. American Healthcare REIT had a return on equity of 1.13% and a net margin of 1.21%.The business had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 2.0%. American Healthcare REIT’s dividend payout ratio (DPR) is 714.29%.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds have recently made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its position in American Healthcare REIT by 57.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company’s stock worth $487,000 after buying an additional 5,891 shares in the last quarter. M&T Bank Corp boosted its holdings in American Healthcare REIT by 12.7% in the first quarter. M&T Bank Corp now owns 13,110 shares of the company’s stock worth $398,000 after purchasing an additional 1,481 shares in the last quarter. Allworth Financial LP lifted its holdings in American Healthcare REIT by 29.9% in the 1st quarter. Allworth Financial LP now owns 19,398 shares of the company’s stock worth $603,000 after purchasing an additional 4,470 shares during the last quarter. Xponance Inc. lifted its stake in shares of American Healthcare REIT by 4.3% in the first quarter. Xponance Inc. now owns 11,489 shares of the company’s stock valued at $348,000 after buying an additional 470 shares during the period. Finally, Diversify Wealth Management LLC grew its position in American Healthcare REIT by 23.9% during the first quarter. Diversify Wealth Management LLC now owns 27,480 shares of the company’s stock worth $878,000 after buying an additional 5,305 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AHR shares. Truist Financial increased their target price on shares of American Healthcare REIT from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Zacks Research upgraded shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Royal Bank Of Canada raised their target price on shares of American Healthcare REIT from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. KeyCorp reaffirmed an “overweight” rating on shares of American Healthcare REIT in a report on Friday. Finally, Citizens Jmp boosted their price objective on American Healthcare REIT from $50.00 to $60.00 and gave the company a “market outperform” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $46.50.

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.