Nomura Asset Management Co. Ltd. Increases Stock Position in American Healthcare REIT, Inc. $AHR

Nomura Asset Management Co. Ltd. grew its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,520 shares of the company’s stock after buying an additional 9,795 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American Healthcare REIT were worth $8,249,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AHR. Envestnet Portfolio Solutions Inc. purchased a new stake in American Healthcare REIT in the second quarter worth about $207,000. Charles Schwab Investment Management Inc. boosted its position in shares of American Healthcare REIT by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company’s stock worth $67,722,000 after purchasing an additional 89,926 shares in the last quarter. Beacon Financial Advisory LLC purchased a new stake in shares of American Healthcare REIT in the 2nd quarter worth approximately $230,000. Intech Investment Management LLC increased its position in American Healthcare REIT by 110.2% during the 1st quarter. Intech Investment Management LLC now owns 90,725 shares of the company’s stock valued at $2,749,000 after buying an additional 47,570 shares in the last quarter. Finally, Chilton Capital Management LLC increased its position in American Healthcare REIT by 35.4% during the 2nd quarter. Chilton Capital Management LLC now owns 357,968 shares of the company’s stock valued at $13,231,000 after buying an additional 93,667 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Zacks Research raised American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. UBS Group upped their price target on shares of American Healthcare REIT from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp increased their price objective on shares of American Healthcare REIT from $43.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Citizens Jmp lifted their target price on shares of American Healthcare REIT from $50.00 to $60.00 and gave the stock a “market outperform” rating in a report on Monday, November 10th. Finally, Truist Financial upped their target price on shares of American Healthcare REIT from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $50.90.

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $49.19 on Friday. The firm’s 50-day moving average price is $44.06 and its 200-day moving average price is $39.86. American Healthcare REIT, Inc. has a 52-week low of $26.40 and a 52-week high of $50.80. The company has a market cap of $8.70 billion, a PE ratio of 351.33, a PEG ratio of 2.06 and a beta of 0.98. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.37.

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. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 2.0%. American Healthcare REIT’s dividend payout ratio (DPR) is currently 714.29%.

Insider Buying and Selling

In other news, EVP Mark E. Foster sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total value of $74,025.00. Following the transaction, the executive vice president directly owned 57,600 shares in the company, valued at $2,842,560. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey T. Hanson sold 20,010 shares of the company’s stock in a transaction 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 sale, the director owned 21,798 shares of the company’s stock, valued at approximately $1,082,924.64. This trade represents a 47.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 25,360 shares of company stock valued at $1,229,398. 0.92% of the stock is currently owned by insiders.

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.