Allworth Financial LP trimmed its stake in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 27.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,438 shares of the company’s stock after selling 15,329 shares during the period. Allworth Financial LP’s holdings in American Healthcare REIT were worth $1,741,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of AHR. Swiss Life Asset Management Ltd bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth about $300,000. Strategic Advocates LLC purchased a new position in American Healthcare REIT during the 3rd quarter valued at $146,000. CIBC Private Wealth Group LLC increased its stake in American Healthcare REIT by 160.4% in the third quarter. CIBC Private Wealth Group LLC now owns 1,872 shares of the company’s stock worth $79,000 after purchasing an additional 1,153 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of American Healthcare REIT in the third quarter worth about $713,000. Finally, Centaurus Financial Inc. lifted its holdings in American Healthcare REIT by 6.7% during the 3rd quarter. Centaurus Financial Inc. now owns 5,503 shares of the company’s stock valued at $231,000 after buying an additional 346 shares in the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.
American Healthcare REIT Stock Performance
AHR opened at $48.22 on Monday. The firm has a market capitalization of $9.07 billion, a PE ratio of 117.61, a P/E/G ratio of 1.76 and a beta of 0.94. American Healthcare REIT, Inc. has a 12-month low of $26.48 and a 12-month high of $54.67. The firm has a 50 day moving average of $50.15 and a two-hundred day moving average of $47.25. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.30.
American Healthcare REIT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Tuesday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently 243.90%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of American Healthcare REIT in a research note on Wednesday, January 21st. Citizens Jmp restated a “market outperform” rating and issued a $60.00 price target on shares of American Healthcare REIT in a report on Thursday, February 5th. Zacks Research lowered American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. BMO Capital Markets initiated coverage on American Healthcare REIT in a research report on Thursday, January 29th. They set an “outperform” rating and a $55.00 price objective on the stock. Finally, Citigroup restated a “market outperform” rating on shares of American Healthcare REIT in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.67.
Check Out Our Latest Stock Report on American Healthcare REIT
Insiders Place Their Bets
In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 19,208 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $48.40, for a total value of $929,667.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
American Healthcare REIT Profile
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.
Further Reading
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