COFG Advisors LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 15,951 shares of the company’s stock, valued at approximately $751,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fortis Group Advisors LLC lifted its stake in shares of American Healthcare REIT by 0.8% during the third quarter. Fortis Group Advisors LLC now owns 27,565 shares of the company’s stock worth $1,235,000 after buying an additional 209 shares during the period. Spire Wealth Management lifted its stake in shares of American Healthcare REIT by 1.8% during the fourth quarter. Spire Wealth Management now owns 16,127 shares of the company’s stock worth $759,000 after buying an additional 279 shares during the period. Optiver Holding B.V. raised its holdings in shares of American Healthcare REIT by 83.1% during the third quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Militia Capital Partners LP raised its holdings in shares of American Healthcare REIT by 1.6% during the third quarter. Militia Capital Partners LP now owns 19,100 shares of the company’s stock worth $802,000 after purchasing an additional 300 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in shares of American Healthcare REIT by 6.7% during the third quarter. Centaurus Financial Inc. now owns 5,503 shares of the company’s stock worth $231,000 after purchasing an additional 346 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.
American Healthcare REIT Stock Down 3.5%
Shares of NYSE AHR opened at $47.19 on Tuesday. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 81.36, a price-to-earnings-growth ratio of 1.64 and a beta of 0.94. American Healthcare REIT, Inc. has a 52-week low of $34.03 and a 52-week high of $54.67. The company’s 50-day simple moving average is $49.36 and its 200-day simple moving average is $49.37. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.28.
American Healthcare REIT Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Tuesday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, March 31st. American Healthcare REIT’s payout ratio is 172.41%.
Insider Activity
In other news, EVP Mark E. Foster sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $48.55, for a total value of $97,100.00. Following the sale, the executive vice president directly owned 56,121 shares of the company’s stock, valued at approximately $2,724,674.55. The trade was a 3.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on AHR shares. Weiss Ratings raised shares of American Healthcare REIT from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. The Goldman Sachs Group set a $60.00 target price on shares of American Healthcare REIT in a report on Monday, March 2nd. KeyCorp raised their target price on shares of American Healthcare REIT from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday. Royal Bank Of Canada raised their target price on shares of American Healthcare REIT from $54.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, May 26th. Finally, Scotiabank raised their target price on shares of American Healthcare REIT from $55.00 to $59.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.64.
Read Our Latest Stock Report on AHR
American Healthcare REIT Company Profile
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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