Cambridge Financial Group LLC Takes Position in American Healthcare REIT, Inc. $AHR

Cambridge Financial Group LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,993 shares of the company’s stock, valued at approximately $504,000.

Several other hedge funds have also recently bought and sold shares of AHR. Darwin Wealth Management LLC purchased a new stake in American Healthcare REIT during the second quarter worth approximately $31,000. Total Investment Management Inc. purchased a new stake in American Healthcare REIT during the 2nd quarter worth $32,000. Physician Wealth Advisors Inc. acquired a new stake in American Healthcare REIT in the 2nd quarter valued at $34,000. State of Wyoming purchased a new position in American Healthcare REIT in the second quarter valued at about $61,000. Finally, GAMMA Investing LLC raised its position in American Healthcare REIT by 22.1% in the second 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 period. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $47.19 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $46.52 and a 200-day moving average of $41.74. The stock has a market cap of $8.35 billion, a P/E ratio of 337.05, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. American Healthcare REIT, Inc. has a 52 week low of $26.40 and a 52 week high of $51.01.

American Healthcare REIT Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AHR. UBS Group increased their target price on American Healthcare REIT from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 17th. JMP Securities upped their price target on American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a report on Friday, October 17th. Zacks Research upgraded shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. KeyCorp boosted their target price on shares of American Healthcare REIT from $43.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Finally, Citizens Jmp raised their price target on shares of American Healthcare REIT from $50.00 to $60.00 and gave the company a “market outperform” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $51.64.

Insider Transactions at American Healthcare REIT

In other American Healthcare REIT news, EVP Mark E. Foster sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total transaction of $74,025.00. Following the sale, the executive vice president owned 57,600 shares in the company, valued at $2,842,560. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey T. Hanson sold 20,010 shares of American Healthcare REIT stock in a transaction that occurred on 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 owned 21,798 shares of the company’s stock, valued at approximately $1,082,924.64. The trade was a 47.86% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.92% of the company’s stock.

American Healthcare REIT Company 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.