Chilton Capital Management LLC raised its holdings in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 35.4% during the 2nd quarter, Holdings Channel reports. The firm owned 357,968 shares of the company’s stock after buying an additional 93,667 shares during the quarter. Chilton Capital Management LLC’s holdings in American Healthcare REIT were worth $13,231,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Physician Wealth Advisors Inc. acquired a new stake in American Healthcare REIT in the 2nd quarter valued at $34,000. Avalon Trust Co acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $36,000. Tsfg LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter worth about $41,000. GAMMA Investing LLC lifted its stake in American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock valued at $43,000 after buying an additional 417 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in American Healthcare REIT in the 1st quarter worth about $97,000. 16.68% of the stock is owned by institutional investors and hedge funds.
American Healthcare REIT Trading Up 1.8%
AHR opened at $44.28 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.46 billion, a P/E ratio of -201.25, a P/E/G ratio of 2.21 and a beta of 0.98. American Healthcare REIT, Inc. has a 52 week low of $24.21 and a 52 week high of $44.59. The business has a fifty day simple moving average of $42.19 and a 200-day simple moving average of $37.65.
American Healthcare REIT Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. American Healthcare REIT’s payout ratio is currently -454.55%.
Insider Activity at American Healthcare REIT
In related news, EVP Mark E. Foster sold 3,850 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total value of $161,276.50. Following the transaction, the executive vice president owned 59,100 shares of the company’s stock, valued at $2,475,699. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on AHR shares. UBS Group started coverage on American Healthcare REIT in a research report on Friday, September 19th. They issued a “buy” rating and a $51.00 target price on the stock. Truist Financial upped their target price on shares of American Healthcare REIT from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. KeyCorp raised their price target on shares of American Healthcare REIT from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. JMP Securities lifted their target price on shares of American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Healthcare REIT in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, American Healthcare REIT has a consensus rating of “Buy” and a consensus price target of $45.00.
Get Our Latest Research Report on AHR
American Healthcare REIT Profile
Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value.
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