American Healthcare REIT, Inc. $AHR Position Increased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 20.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,578,867 shares of the company’s stock after acquiring an additional 779,109 shares during the period. Geode Capital Management LLC’s holdings in American Healthcare REIT were worth $174,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. bought a new stake in American Healthcare REIT in the second quarter valued at $34,000. Avalon Trust Co bought a new stake in American Healthcare REIT in the 1st quarter valued at about $36,000. GAMMA Investing LLC lifted its position in 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 purchasing an additional 311 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in American Healthcare REIT during the 1st quarter valued at about $97,000. Finally, Grove Bank & Trust acquired a new position in American Healthcare REIT during the 2nd quarter valued at about $130,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $47.93 on Tuesday. American Healthcare REIT, Inc. has a 1 year low of $26.40 and a 1 year high of $50.51. The firm has a market cap of $8.48 billion, a P/E ratio of 342.33, a PEG ratio of 2.38 and a beta of 0.98. The stock has a fifty day moving average price of $43.68 and a two-hundred day moving average price of $39.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.44 and a current ratio of 0.44.

American Healthcare REIT Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on AHR shares. Weiss Ratings restated a “hold (c)” rating on shares of American Healthcare REIT in a research note on Wednesday, October 8th. KeyCorp raised their target price on American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Scotiabank lifted their target price on American Healthcare REIT from $47.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, November 13th. Zacks Research upgraded American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Finally, JMP Securities increased their price target on American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, American Healthcare REIT has an average rating of “Buy” and an average target price of $50.60.

Insider Activity

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 20,010 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $49.68, for a total value of $994,096.80. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark E. Foster sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total transaction of $74,025.00. Following the transaction, the executive vice president owned 57,600 shares of the company’s stock, valued at approximately $2,842,560. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 25,360 shares of company stock worth $1,229,398. 1.00% of the stock is owned by company insiders.

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.