American Healthcare REIT (NYSE:AHR) EVP Mark Foster Sells 1,500 Shares

American Healthcare REIT, Inc. (NYSE:AHR) EVP Mark Foster sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total transaction of $74,025.00. Following the sale, the executive vice president directly owned 57,600 shares of the company’s stock, valued at approximately $2,842,560. The trade was a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

American Healthcare REIT Price Performance

Shares of NYSE AHR traded down $0.07 during trading on Thursday, reaching $47.80. The company had a trading volume of 239,858 shares, compared to its average volume of 1,600,777. American Healthcare REIT, Inc. has a 52 week low of $26.11 and a 52 week high of $50.51. The business’s 50 day moving average price is $43.35 and its 200-day moving average price is $39.22. The stock has a market cap of $8.06 billion, a PE ratio of 341.36, a PEG ratio of 2.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.48 and a current ratio of 0.44.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio is currently 714.29%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its stake in shares of American Healthcare REIT by 57.9% during 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 during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of American Healthcare REIT in the second quarter valued at $207,000. Charles Schwab Investment Management Inc. increased its holdings in American Healthcare REIT by 4.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company’s stock worth $67,722,000 after buying an additional 89,926 shares during the last quarter. Beacon Financial Advisory LLC bought a new stake in American Healthcare REIT during the second quarter worth $230,000. Finally, Intech Investment Management LLC lifted its stake in American Healthcare REIT by 110.2% in the first quarter. Intech Investment Management LLC now owns 90,725 shares of the company’s stock valued at $2,749,000 after acquiring an additional 47,570 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AHR. Zacks Research upgraded shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Truist Financial increased their target price on American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of American Healthcare REIT in a research report on Wednesday, October 8th. JMP Securities increased their price target on shares of American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday, October 17th. Finally, Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $48.60.

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.