Federated Hermes Inc. Acquires 404,626 Shares of American Healthcare REIT, Inc. $AHR

Federated Hermes Inc. grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 57.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,111,863 shares of the company’s stock after buying an additional 404,626 shares during the period. Federated Hermes Inc.’s holdings in American Healthcare REIT were worth $46,709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its stake in American Healthcare REIT by 6.5% in the 2nd quarter. State Street Corp now owns 6,902,944 shares of the company’s stock valued at $255,289,000 after acquiring an additional 422,931 shares during the period. Invesco Ltd. increased its holdings in shares of American Healthcare REIT by 15.9% in the second quarter. Invesco Ltd. now owns 5,820,530 shares of the company’s stock valued at $213,846,000 after purchasing an additional 798,075 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of American Healthcare REIT by 16.7% in the second quarter. Alliancebernstein L.P. now owns 5,318,866 shares of the company’s stock valued at $195,415,000 after purchasing an additional 759,501 shares during the period. Geode Capital Management LLC raised its position in shares of American Healthcare REIT by 20.5% in the second quarter. Geode Capital Management LLC now owns 4,578,867 shares of the company’s stock valued at $174,882,000 after purchasing an additional 779,109 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of American Healthcare REIT by 5.5% during the 2nd quarter. Prudential Financial Inc. now owns 2,732,663 shares of the company’s stock worth $100,398,000 after buying an additional 141,427 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $47.23 on Friday. The firm has a market cap of $8.35 billion, a PE ratio of 337.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. 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 stock’s fifty day moving average price is $48.08 and its two-hundred day moving average price is $44.32. American Healthcare REIT, Inc. has a one year low of $26.48 and a one year high of $51.01.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 31st. American Healthcare REIT’s payout ratio is 714.29%.

Insider Activity

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 19,208 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $48.40, for a total transaction of $929,667.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark E. Foster sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total transaction of $74,025.00. Following the completion of the transaction, the executive vice president directly owned 57,600 shares in the company, valued at approximately $2,842,560. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 76,288 shares of company stock valued at $3,718,666 in the last ninety days. 0.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on AHR shares. Truist Financial decreased their price target on shares of American Healthcare REIT from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. Zacks Research downgraded American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup lifted their price target on American Healthcare REIT from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Healthcare REIT in a report on Wednesday, January 21st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of American Healthcare REIT in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.83.

American Healthcare REIT Company 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.