American Century Companies Inc. Has $93.91 Million Position in American Healthcare REIT, Inc. $AHR

American Century Companies Inc. lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 103.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,556,000 shares of the company’s stock after purchasing an additional 1,300,743 shares during the quarter. American Century Companies Inc. owned 1.60% of American Healthcare REIT worth $93,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. acquired a new stake in American Healthcare REIT in the second quarter valued at approximately $34,000. Avalon Trust Co bought a new position in shares of American Healthcare REIT in the 1st quarter valued at $36,000. GAMMA Investing LLC boosted its holdings in shares of American Healthcare REIT by 22.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,716 shares of the company’s stock valued at $63,000 after acquiring an additional 311 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in American Healthcare REIT during the 1st quarter worth $97,000. Finally, Grove Bank & Trust acquired a new position in American Healthcare REIT in the 2nd quarter worth about $130,000. Institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AHR. KeyCorp increased 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. Truist Financial lifted their target price on shares of American Healthcare REIT from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. UBS Group boosted their target price on shares of American Healthcare REIT from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Morgan Stanley raised their price target on shares of American Healthcare REIT from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Citizens Jmp lifted their price target on shares of American Healthcare REIT from $50.00 to $60.00 and gave the stock a “market outperform” rating in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $51.00.

Insider Transactions at American Healthcare REIT

In other news, Director Jeffrey T. Hanson sold 20,010 shares of American Healthcare REIT stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $49.68, for a total value of $994,096.80. Following the completion of the transaction, the director directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark E. Foster sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total value of $74,025.00. Following the sale, the executive vice president owned 57,600 shares in the company, valued at approximately $2,842,560. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 25,360 shares of company stock valued at $1,229,398. Company insiders own 1.00% of the company’s stock.

American Healthcare REIT Trading Down 0.2%

NYSE:AHR opened at $48.73 on Wednesday. American Healthcare REIT, Inc. has a 52 week low of $26.40 and a 52 week high of $50.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s fifty day moving average is $44.42 and its 200-day moving average is $40.29. The firm has a market cap of $8.62 billion, a P/E ratio of 348.04, a P/E/G ratio of 2.03 and a beta of 0.98.

American Healthcare REIT Dividend Announcement

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

American Healthcare REIT Profile

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.