Odyssean LLC lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 121.1% in the second quarter, Holdings Channel.com reports. The fund owned 63,508 shares of the company’s stock after acquiring an additional 34,780 shares during the quarter. American Healthcare REIT makes up approximately 0.5% of Odyssean LLC’s investment portfolio, making the stock its 14th biggest position. Odyssean LLC’s holdings in American Healthcare REIT were worth $3,312,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in American Healthcare REIT by 4.5% during the 2nd quarter. Wellington Management Group LLP now owns 8,658,850 shares of the company’s stock valued at $451,559,000 after purchasing an additional 375,063 shares during the period. Principal Financial Group Inc. boosted its stake in shares of American Healthcare REIT by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 7,423,206 shares of the company’s stock valued at $350,079,000 after purchasing an additional 228,739 shares during the last quarter. State Street Corp boosted its stake in shares of American Healthcare REIT by 3.0% in the 4th quarter. State Street Corp now owns 7,085,670 shares of the company’s stock valued at $335,174,000 after purchasing an additional 208,623 shares during the last quarter. Royal Bank of Canada increased its position in shares of American Healthcare REIT by 2,984.1% during the fourth quarter. Royal Bank of Canada now owns 6,161,549 shares of the company’s stock worth $289,962,000 after buying an additional 5,961,767 shares during the period. Finally, Invesco Ltd. increased its position in shares of American Healthcare REIT by 3.3% during the fourth quarter. Invesco Ltd. now owns 5,531,582 shares of the company’s stock worth $260,316,000 after buying an additional 177,033 shares during the period. 16.68% of the stock is currently owned by institutional investors.
American Healthcare REIT Price Performance
AHR stock opened at $54.79 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.48 and a quick ratio of 0.48. The company’s 50-day moving average is $55.35 and its 200-day moving average is $51.69. The stock has a market capitalization of $11.94 billion, a PE ratio of 80.57, a price-to-earnings-growth ratio of 1.58 and a beta of 0.74. American Healthcare REIT, Inc. has a 1 year low of $40.00 and a 1 year high of $58.70.
American Healthcare REIT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. American Healthcare REIT’s payout ratio is currently 147.06%.
Insider Buying and Selling
In related news, EVP Mark Foster sold 2,500 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $48.58, for a total value of $121,450.00. Following the transaction, the executive vice president directly owned 52,995 shares in the company, valued at $2,574,497.10. This trade represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Peay sold 25,000 shares of American Healthcare REIT stock in a transaction on Friday, June 26th. The shares were sold at an average price of $50.70, for a total transaction of $1,267,500.00. Following the completion of the sale, the chief financial officer directly owned 152,700 shares of the company’s stock, valued at approximately $7,741,890. The trade was a 14.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,500 shares of company stock worth $1,499,730 over the last ninety days. 0.75% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of American Healthcare REIT from $56.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Scotiabank lifted their price objective on American Healthcare REIT from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday. KeyCorp boosted their price objective on American Healthcare REIT from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. UBS Group upped their target price on American Healthcare REIT from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $65.00 target price (up from $55.00) on shares of American Healthcare REIT in a research note on Monday, August 10th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, American Healthcare REIT has an average rating of “Moderate Buy” and a consensus price target of $62.58.
Check Out Our Latest 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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