Janney Montgomery Scott LLC lifted its holdings in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 40.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,219 shares of the company’s stock after buying an additional 11,830 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American Healthcare REIT were worth $1,944,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Pictet Asset Management Holding SA lifted its position in American Healthcare REIT by 11.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 27,097 shares of the company’s stock valued at $1,278,000 after acquiring an additional 2,776 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of American Healthcare REIT during the first quarter valued at approximately $2,424,000. First American Bank increased its stake in shares of American Healthcare REIT by 1.6% during the first quarter. First American Bank now owns 82,672 shares of the company’s stock valued at $3,899,000 after purchasing an additional 1,314 shares in the last quarter. Vanderbilt University purchased a new position in shares of American Healthcare REIT during the first quarter valued at approximately $261,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT during the first quarter valued at approximately $311,000. 16.68% of the stock is currently owned by institutional investors.
American Healthcare REIT Price Performance
Shares of NYSE AHR opened at $53.81 on Friday. The firm has a market cap of $10.37 billion, a P/E ratio of 92.77, a PEG ratio of 1.83 and a beta of 0.77. American Healthcare REIT, Inc. has a twelve month low of $35.70 and a twelve month high of $55.75. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $49.83 and a 200 day moving average of $49.48.
American Healthcare REIT Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, June 30th. American Healthcare REIT’s dividend payout ratio (DPR) is presently 172.41%.
Insider Activity
In other news, EVP Mark E. Foster sold 2,500 shares of American Healthcare REIT stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $48.58, for a total value of $121,450.00. Following the completion of the sale, the executive vice president directly owned 52,995 shares in the company, valued at $2,574,497.10. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian Peay sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $50.70, for a total transaction of $1,267,500.00. Following the transaction, the chief financial officer directly owned 152,700 shares of the company’s stock, valued at $7,741,890. The trade was a 14.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,500 shares of company stock valued at $1,485,590 over the last quarter. 0.75% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on American Healthcare REIT from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Truist Financial lifted their price objective on American Healthcare REIT from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Weiss Ratings downgraded American Healthcare REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. KeyCorp increased their target price on American Healthcare REIT from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, UBS Group raised their price target on American Healthcare REIT from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, American Healthcare REIT presently has an average rating of “Moderate Buy” and an average price target of $56.00.
Check Out Our Latest Stock Analysis on American Healthcare REIT
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.
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