Sheets Smith Investment Management Makes New $648,000 Investment in American Healthcare REIT, Inc. $AHR

Sheets Smith Investment Management acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, HoldingsChannel reports. The institutional investor acquired 15,432 shares of the company’s stock, valued at approximately $648,000.

A number of other large investors also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in American Healthcare REIT in the 2nd quarter worth $31,000. Total Investment Management Inc. purchased a new position in shares of American Healthcare REIT in the second quarter valued at about $32,000. Physician Wealth Advisors Inc. bought a new position in shares of American Healthcare REIT in the second quarter worth about $34,000. State of Wyoming purchased a new stake in shares of American Healthcare REIT during the second quarter worth about $61,000. Finally, GAMMA Investing LLC raised its stake in American Healthcare REIT by 22.1% during 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. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Up 0.1%

NYSE AHR opened at $47.70 on Friday. The company’s 50-day moving average price is $46.94 and its 200-day moving average price is $41.91. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $8.44 billion, a PE ratio of 340.71, a PEG ratio of 1.99 and a beta of 0.93. American Healthcare REIT, Inc. has a 12 month low of $26.40 and a 12 month high of $51.01.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a $0.25 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. American Healthcare REIT’s payout ratio is currently 714.29%.

Insider Activity at American Healthcare REIT

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 20,010 shares of American Healthcare REIT stock in a transaction dated Monday, November 10th. The stock was 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 in the company, valued at $1,082,924.64. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark E. Foster sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total transaction of $74,025.00. Following the transaction, the executive vice president owned 57,600 shares of the company’s stock, valued at approximately $2,842,560. This trade represents a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on AHR shares. Scotiabank upped their price target on American Healthcare REIT from $47.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. JMP Securities upped 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 report on Friday, October 17th. Zacks Research upgraded shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Healthcare REIT in a research note on Wednesday, October 8th. Finally, Citigroup raised their price objective on American Healthcare REIT from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Two investment 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 data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $51.64.

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.