Prudential Financial Inc. Has $100.40 Million Stake in American Healthcare REIT, Inc. $AHR

Prudential Financial Inc. raised its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,732,663 shares of the company’s stock after purchasing an additional 141,427 shares during the quarter. Prudential Financial Inc. owned 1.71% of American Healthcare REIT worth $100,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AHR. Physician Wealth Advisors Inc. acquired a new position in American Healthcare REIT during the second quarter valued at $34,000. Avalon Trust Co purchased a new position in American Healthcare REIT during the 1st quarter valued at about $36,000. GAMMA Investing LLC increased its holdings in shares of American Healthcare REIT by 22.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,716 shares of the company’s stock valued at $63,000 after purchasing an additional 311 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of American Healthcare REIT in the first quarter worth approximately $97,000. Finally, Grove Bank & Trust acquired a new stake in shares of American Healthcare REIT during the second quarter worth approximately $130,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of American Healthcare REIT from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group lifted their price objective on American Healthcare REIT from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, November 17th. JMP Securities boosted their target price on American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, October 17th. Citigroup upped their target price on American Healthcare REIT from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Citizens Jmp lifted their price target on American Healthcare REIT from $50.00 to $60.00 and gave the company a “market outperform” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $51.00.

American Healthcare REIT Price Performance

NYSE AHR opened at $47.97 on Monday. American Healthcare REIT, Inc. has a fifty-two week low of $26.40 and a fifty-two week high of $50.80. The stock’s 50-day moving average is $44.17 and its two-hundred day moving average is $40.07. The firm has a market cap of $8.49 billion, a P/E ratio of 342.64, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 30th. American Healthcare REIT’s payout ratio is 714.29%.

Insider Activity at American Healthcare REIT

In other news, Director Jeffrey T. Hanson sold 20,010 shares of American Healthcare REIT stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $49.68, for a total value of $994,096.80. Following the transaction, the director owned 21,798 shares of the company’s stock, valued at $1,082,924.64. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark E. Foster sold 3,850 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total transaction of $161,276.50. Following the completion of the transaction, the executive vice president owned 59,100 shares in the company, valued at $2,475,699. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 25,360 shares of company stock worth $1,229,398. Corporate insiders own 1.00% of the company’s stock.

American Healthcare REIT Company 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.