Kennedy Capital Management LLC increased its position in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 32.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 341,778 shares of the company’s stock after purchasing an additional 84,434 shares during the period. Kennedy Capital Management LLC’s holdings in American Healthcare REIT were worth $14,358,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in American Healthcare REIT by 103.6% during the second quarter. American Century Companies Inc. now owns 2,556,000 shares of the company’s stock worth $93,907,000 after buying an additional 1,300,743 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of American Healthcare REIT by 173.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,459,471 shares of the company’s stock valued at $61,311,000 after acquiring an additional 924,834 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of American Healthcare REIT by 178.8% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,314,139 shares of the company’s stock valued at $55,207,000 after acquiring an additional 842,785 shares during the period. Invesco Ltd. lifted its holdings in shares of American Healthcare REIT by 15.9% in the 2nd quarter. Invesco Ltd. now owns 5,820,530 shares of the company’s stock worth $213,846,000 after acquiring an additional 798,075 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of American Healthcare REIT by 20.5% in the 2nd quarter. Geode Capital Management LLC now owns 4,578,867 shares of the company’s stock worth $174,882,000 after acquiring an additional 779,109 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.
American Healthcare REIT Trading Up 0.9%
NYSE:AHR traded up $0.47 during midday trading on Friday, hitting $52.60. The stock had a trading volume of 209,003 shares, compared to its average volume of 2,867,791. The stock has a 50-day moving average of $49.61 and a 200 day moving average of $46.81. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 129.06, a PEG ratio of 2.44 and a beta of 0.95. American Healthcare REIT, Inc. has a one year low of $26.48 and a one year high of $54.67. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.30.
American Healthcare REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. American Healthcare REIT’s dividend payout ratio (DPR) is currently 243.90%.
Insider Buying and Selling
In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 35,570 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $48.38, for a total transaction of $1,720,876.60. Following the completion of the sale, the director owned 19,208 shares in the company, valued at $929,283.04. This represents a 64.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several brokerages 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. KeyCorp increased their price target on American Healthcare REIT from $43.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. UBS Group raised their price target on American Healthcare REIT from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Jefferies Financial Group restated a “buy” rating on shares of American Healthcare REIT in a report on Monday, December 15th. Finally, Morgan Stanley upped their price objective on American Healthcare REIT from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.67.
Get Our Latest Research Report 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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