Charles Schwab Investment Management Inc. Purchases 198,574 Shares of American Healthcare REIT, Inc. $AHR

Charles Schwab Investment Management Inc. grew its position in American Healthcare REIT, Inc. (NYSE:AHR) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,433,625 shares of the company’s stock after acquiring an additional 198,574 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.53% of American Healthcare REIT worth $89,411,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its position in American Healthcare REIT by 103.6% in the 2nd quarter. American Century Companies Inc. now owns 2,556,000 shares of the company’s stock worth $93,907,000 after purchasing an additional 1,300,743 shares during the period. Rhumbline Advisers grew its stake in shares of American Healthcare REIT by 9.4% during the second quarter. Rhumbline Advisers now owns 273,447 shares of the company’s stock valued at $10,046,000 after buying an additional 23,472 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of American Healthcare REIT by 44.3% in the second quarter. Franklin Resources Inc. now owns 236,110 shares of the company’s stock worth $8,675,000 after buying an additional 72,502 shares during the period. Legal & General Group Plc raised its holdings in shares of American Healthcare REIT by 3.2% in the second quarter. Legal & General Group Plc now owns 914,367 shares of the company’s stock worth $33,594,000 after buying an additional 28,463 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of American Healthcare REIT by 5.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 449,443 shares of the company’s stock worth $16,513,000 after acquiring an additional 21,446 shares during the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citizens Jmp upped their price objective on American Healthcare REIT from $50.00 to $60.00 and gave the company a “market outperform” rating in a research report on Monday, November 10th. Truist Financial upped their price target on shares of American Healthcare REIT from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp lifted their price objective on shares of American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of American Healthcare REIT in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $51.64.

American Healthcare REIT Stock Up 0.6%

NYSE:AHR opened at $50.78 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market cap of $8.98 billion, a PE ratio of 362.71, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The company has a 50-day moving average of $44.92 and a 200 day moving average of $40.54. American Healthcare REIT, Inc. has a 1-year low of $26.40 and a 1-year high of $50.91.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. American Healthcare REIT’s dividend payout ratio (DPR) is currently 714.29%.

Insider Activity at American Healthcare REIT

In related news, EVP Mark E. Foster sold 3,850 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total value of $161,276.50. Following the completion of the transaction, the executive vice president owned 59,100 shares of the company’s stock, valued at $2,475,699. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey T. Hanson sold 20,010 shares of the stock in a transaction on 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 $1,082,924.64. This trade represents a 47.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 25,360 shares of company stock worth $1,229,398. 0.92% of the stock is currently owned by corporate insiders.

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.