American Healthcare REIT, Inc. $AHR Stock Position Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 575,054 shares of the company’s stock after buying an additional 93,824 shares during the period. Retirement Systems of Alabama’s holdings in American Healthcare REIT were worth $29,477,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Outlook Capital Management LLC purchased a new stake in American Healthcare REIT in the second quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new position in American Healthcare REIT during the first quarter valued at approximately $26,000. Covestor Ltd raised its stake in shares of American Healthcare REIT by 297.8% during the third quarter. Covestor Ltd now owns 720 shares of the company’s stock worth $37,000 after acquiring an additional 539 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of American Healthcare REIT by 193.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,032 shares of the company’s stock worth $49,000 after acquiring an additional 680 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of American Healthcare REIT during the third quarter worth approximately $53,000. Institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AHR. Compass Point began coverage on shares of American Healthcare REIT in a report on Tuesday, July 21st. They issued a “buy” rating and a $70.00 price objective for the company. UBS Group reduced their target price on shares of American Healthcare REIT from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Citigroup increased their target price on shares of American Healthcare REIT from $65.00 to $67.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank lifted their target price on shares of American Healthcare REIT from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Finally, Truist Financial boosted their price target on shares of American Healthcare REIT from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $63.31.

American Healthcare REIT Trading Up 0.7%

Shares of AHR stock opened at $59.36 on Wednesday. The business has a 50-day moving average of $53.24 and a 200 day moving average of $51.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.53 and a quick ratio of 0.48. American Healthcare REIT, Inc. has a 1-year low of $44.81 and a 1-year high of $59.53. The stock has a market capitalization of $12.94 billion, a PE ratio of 121.14, a P/E/G ratio of 1.40 and a beta of 0.78.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. American Healthcare REIT had a return on equity of 2.38% and a net margin of 3.61%. The business had revenue of $742.15 million for the quarter, compared to analysts’ expectations of $703.51 million. During the same period in the previous year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 29.5% on a year-over-year basis. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 2.25 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were issued a $0.25 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. American Healthcare REIT’s dividend payout ratio (DPR) is currently 204.08%.

Insider Activity at American Healthcare REIT

In related news, EVP Mark Foster sold 2,000 shares of American Healthcare REIT stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $55.39, for a total value of $110,780.00. Following the transaction, the executive vice president directly owned 51,617 shares of the company’s stock, valued at $2,859,065.63. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott A. Estes sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $59.32, for a total transaction of $148,300.00. Following the sale, the director owned 18,989 shares of the company’s stock, valued at $1,126,427.48. This represents a 11.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,000 shares of company stock worth $337,170 in the last 90 days. Company insiders own 0.75% of the company’s stock.

American Healthcare REIT Company Profile

American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses. The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care. American Healthcare REIT began trading on the New York Stock Exchange in 2024.