Bridgefront Capital LLC lifted its stake in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 121.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,429 shares of the company’s stock after buying an additional 13,968 shares during the period. Bridgefront Capital LLC’s holdings in American Healthcare REIT were worth $1,068,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. grew its position in American Healthcare REIT by 83.1% during the 3rd quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Trust Co. of Vermont bought a new stake in American Healthcare REIT in the third quarter valued at approximately $28,000. Darwin Wealth Management LLC purchased a new stake in shares of American Healthcare REIT during the second quarter valued at approximately $31,000. Total Investment Management Inc. purchased a new stake in shares of American Healthcare REIT during the second quarter valued at approximately $32,000. Finally, US Bancorp DE increased its stake in shares of American Healthcare REIT by 84.8% in the third quarter. US Bancorp DE now owns 1,085 shares of the company’s stock worth $46,000 after buying an additional 498 shares during the period. Institutional investors own 16.68% of the company’s stock.
American Healthcare REIT Price Performance
Shares of NYSE AHR opened at $52.14 on Friday. American Healthcare REIT, Inc. has a 1 year low of $26.48 and a 1 year high of $54.67. The stock has a market capitalization of $9.22 billion, a P/E ratio of 127.17, a P/E/G ratio of 2.41 and a beta of 0.95. The company’s 50-day moving average is $49.71 and its 200 day moving average is $46.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.41 and a quick ratio of 0.41.
American Healthcare REIT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently 243.90%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on AHR. The Goldman Sachs Group set a $60.00 price target on shares of American Healthcare REIT in a report on Monday, March 2nd. Citizens Jmp restated a “market outperform” rating and issued a $60.00 price objective on shares of American Healthcare REIT in a research report on Thursday, February 5th. Morgan Stanley upped their price objective on shares of American Healthcare REIT from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating on shares of American Healthcare REIT in a report on Monday, December 15th. Finally, UBS Group boosted their price target on American Healthcare REIT from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.67.
Check Out Our Latest Research Report on AHR
Insider Buying and Selling at American Healthcare REIT
In related news, Director Jeffrey T. Hanson sold 19,208 shares of American Healthcare REIT stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $48.40, for a total transaction of $929,667.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.
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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