Hsbc Holdings PLC increased its holdings in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 61.9% in the fourth quarter, HoldingsChannel reports. The firm owned 345,590 shares of the company’s stock after purchasing an additional 132,172 shares during the period. Hsbc Holdings PLC’s holdings in American Healthcare REIT were worth $16,259,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Thames Capital Management LLC acquired a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $4,042,000. Cbre Investment Management Listed Real Assets LLC raised its position in American Healthcare REIT by 14.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,504,685 shares of the company’s stock worth $70,810,000 after purchasing an additional 190,546 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in American Healthcare REIT by 16.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 291,426 shares of the company’s stock worth $14,076,000 after purchasing an additional 40,231 shares during the period. Aberdeen Group plc lifted its stake in American Healthcare REIT by 24.5% during the fourth quarter. Aberdeen Group plc now owns 1,338,967 shares of the company’s stock worth $63,012,000 after purchasing an additional 263,791 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in American Healthcare REIT during the fourth quarter valued at approximately $4,013,000. 16.68% of the stock is owned by institutional investors and hedge funds.
American Healthcare REIT Stock Performance
NYSE:AHR opened at $54.99 on Wednesday. The stock has a market capitalization of $10.60 billion, a P/E ratio of 94.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.77. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.28. American Healthcare REIT, Inc. has a 1 year low of $35.54 and a 1 year high of $55.75. The firm has a 50 day moving average of $49.67 and a 200-day moving average of $49.39.
American Healthcare REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.25 dividend. The ex-dividend date is 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 (DPR) is 172.41%.
Insiders Place Their Bets
In other American Healthcare REIT news, CFO Brian Peay sold 25,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $50.70, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark E. Foster sold 2,500 shares of the business’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 transaction, the executive vice president directly owned 52,995 shares of the company’s stock, valued at approximately $2,574,497.10. This represents a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 29,500 shares of company stock valued at $1,485,590. 0.75% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AHR shares. Weiss Ratings cut American Healthcare REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Scotiabank lowered their price target on American Healthcare REIT from $59.00 to $51.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Royal Bank Of Canada increased their price objective on American Healthcare REIT from $54.00 to $56.00 and gave the stock an “outperform” rating in a research note 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 report on Thursday, March 12th. Finally, Citigroup upgraded shares of American Healthcare REIT from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.42.
Get Our Latest Stock Report on AHR
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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