American Healthcare REIT (NYSE:AHR) Stock: Insider Scott Estes Sells 2,500 Shares

American Healthcare REIT, Inc. (NYSE:AHR) Director Scott Estes sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $59.32, for a total transaction of $148,300.00. Following the completion of the transaction, the director directly owned 18,989 shares in the company, valued at approximately $1,126,427.48. This represents a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Healthcare REIT Price Performance

Shares of NYSE:AHR opened at $59.22 on Thursday. The firm has a 50 day moving average of $53.29 and a 200-day moving average of $51.83. The stock has a market capitalization of $12.91 billion, a PE ratio of 120.86, a PEG ratio of 1.41 and a beta of 0.78. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15. American Healthcare REIT, Inc. has a 12 month low of $44.81 and a 12 month high of $59.55.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $742.15 million during the quarter, compared to the consensus estimate of $703.51 million. American Healthcare REIT had a net margin of 3.61% and a return on equity of 2.38%. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities research analysts predict that American Healthcare REIT, Inc. will post 2.25 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 30th. American Healthcare REIT’s payout ratio is currently 204.08%.

Institutional Investors Weigh In On American Healthcare REIT

Several hedge funds and other institutional investors have recently made changes to their positions in AHR. Greenland Capital Management LP boosted its position in American Healthcare REIT by 94.7% in the second quarter. Greenland Capital Management LP now owns 185,000 shares of the company’s stock valued at $9,648,000 after buying an additional 90,000 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of American Healthcare REIT during the second quarter worth $1,377,000. Wellington Management Group LLP increased its holdings in shares of American Healthcare REIT by 4.5% during the second quarter. Wellington Management Group LLP now owns 8,658,850 shares of the company’s stock worth $451,559,000 after buying an additional 375,063 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of American Healthcare REIT by 25.6% during the third quarter. TD Waterhouse Canada Inc. now owns 291,978 shares of the company’s stock worth $14,807,000 after buying an additional 59,425 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of American Healthcare REIT during the second quarter worth $13,348,000. 16.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AHR has been the subject of several recent analyst reports. Citigroup upped their target price on American Healthcare REIT from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday. Scotiabank lifted their price target on American Healthcare REIT from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Raymond James Financial reissued a “strong-buy” rating and set a $72.00 price target on shares of American Healthcare REIT in a report on Tuesday. Barclays lowered their price target on American Healthcare REIT from $66.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Finally, Compass Point initiated coverage on American Healthcare REIT in a research report on Tuesday, July 21st. They set a “buy” rating and a $70.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $64.00.

About American Healthcare REIT

American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses. The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care. American Healthcare REIT began trading on the New York Stock Exchange in 2024.