Teachers Retirement System of The State of Kentucky grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 86.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,233 shares of the company’s stock after purchasing an additional 51,090 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in American Healthcare REIT were worth $5,199,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in AHR. Manning & Napier Advisors LLC purchased a new stake in shares of American Healthcare REIT during the first quarter valued at $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of American Healthcare REIT in the fourth quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new position in American Healthcare REIT in the 4th quarter worth about $29,000. Los Angeles Capital Management LLC purchased a new position in American Healthcare REIT in the 4th quarter worth about $34,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in American Healthcare REIT during the 4th quarter valued at about $35,000. 16.68% of the stock is currently owned by institutional investors.
American Healthcare REIT Stock Up 0.7%
American Healthcare REIT stock opened at $54.72 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.28. The firm has a market cap of $10.54 billion, a P/E ratio of 94.34, a P/E/G ratio of 1.82 and a beta of 0.77. The business has a fifty day moving average of $50.07 and a two-hundred day moving average of $49.61. American Healthcare REIT, Inc. has a twelve month low of $36.73 and a twelve month high of $55.75.
American Healthcare REIT Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, June 30th. American Healthcare REIT’s payout ratio is 172.41%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on AHR shares. KeyCorp boosted their price objective on shares of American Healthcare REIT from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Weiss Ratings lowered shares of American Healthcare REIT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. Citigroup raised shares of American Healthcare REIT from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, June 22nd. Royal Bank Of Canada boosted their price target on American Healthcare REIT from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Finally, UBS Group increased their price objective on American Healthcare REIT from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.
Read Our Latest Stock Analysis on American Healthcare REIT
Insider Activity
In other American Healthcare REIT news, CFO Brian Peay sold 25,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $50.70, for a total value of $1,267,500.00. Following the completion of the transaction, the chief financial officer directly owned 152,700 shares in the company, valued at approximately $7,741,890. The trade was a 14.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark E. Foster sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $48.58, for a total transaction of $121,450.00. Following the completion of the transaction, the executive vice president owned 52,995 shares of the company’s stock, valued at $2,574,497.10. This represents a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 29,500 shares of company stock worth $1,485,590 in the last quarter. 0.75% of the stock is owned by insiders.
About American Healthcare REIT
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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