Wellington Management Group LLP raised its position in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 4.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,658,850 shares of the company’s stock after buying an additional 375,063 shares during the period. Wellington Management Group LLP owned about 3.97% of American Healthcare REIT worth $451,559,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of AHR. Manning & Napier Advisors LLC acquired a new stake in shares of American Healthcare REIT during the 1st quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of American Healthcare REIT in the 4th quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new position in American Healthcare REIT in the 4th quarter worth about $29,000. Darwin Wealth Management LLC acquired a new position in American Healthcare REIT in the 2nd quarter worth about $31,000. Finally, Los Angeles Capital Management LLC purchased a new position in American Healthcare REIT during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 16.68% of the company’s stock.
American Healthcare REIT Price Performance
American Healthcare REIT stock opened at $55.65 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $54.73 and a 200 day moving average price of $51.53. American Healthcare REIT, Inc. has a 12-month low of $40.00 and a 12-month high of $58.70. The stock has a market cap of $12.13 billion, a P/E ratio of 81.84, a PEG ratio of 1.57 and a beta of 0.76.
American Healthcare REIT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. American Healthcare REIT’s dividend payout ratio is currently 147.06%.
Insider Transactions at American Healthcare REIT
In related news, EVP Mark E. Foster sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $48.58, for a total transaction of $121,450.00. Following the completion of the sale, the executive vice president directly owned 52,995 shares of the company’s stock, valued at approximately $2,574,497.10. This trade represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Peay sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 152,700 shares in the company, valued at approximately $7,741,890. This trade represents a 14.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,500 shares of company stock valued at $1,485,590 over the last three months. Corporate insiders own 0.75% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. UBS Group boosted their price target on shares of American Healthcare REIT from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada raised their price target on shares of American Healthcare REIT from $56.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. KeyCorp boosted their price target on shares of American Healthcare REIT from $58.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Truist Financial increased their price objective on shares of American Healthcare REIT from $57.00 to $61.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Citigroup reissued a “buy” rating and issued a $65.00 target price (up from $55.00) on shares of American Healthcare REIT in a research note on Monday, August 10th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.25.
View Our Latest Research Report on American Healthcare REIT
About American Healthcare REIT
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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