Principal Financial Group Inc. Reduces Stake in American Healthcare REIT, Inc. $AHR

Principal Financial Group Inc. cut its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 8.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,931,341 shares of the company’s stock after selling 857,418 shares during the quarter. Principal Financial Group Inc. owned 5.30% of American Healthcare REIT worth $375,206,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS raised its stake in shares of American Healthcare REIT by 0.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 33,300 shares of the company’s stock worth $1,406,000 after buying an additional 300 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 acquiring an additional 311 shares in the last quarter. California State Teachers Retirement System raised its position in American Healthcare REIT by 0.3% during the second quarter. California State Teachers Retirement System now owns 140,769 shares of the company’s stock worth $5,172,000 after acquiring an additional 406 shares during the last quarter. Lion Street Advisors LLC lifted its holdings in shares of American Healthcare REIT by 6.2% in the second quarter. Lion Street Advisors LLC now owns 7,373 shares of the company’s stock valued at $271,000 after purchasing an additional 430 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its position in shares of American Healthcare REIT by 8.3% in the second quarter. J.Safra Asset Management Corp now owns 6,271 shares of the company’s stock valued at $226,000 after purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

Insider Activity at American Healthcare REIT

In other American Healthcare REIT news, Director Jeffrey T. Hanson sold 19,208 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $48.40, for a total transaction of $929,667.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark E. Foster sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total transaction of $74,025.00. Following the sale, the executive vice president directly owned 57,600 shares of the company’s stock, valued at $2,842,560. This represents a 2.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,288 shares of company stock worth $3,718,666 over the last three months. Corporate insiders own 0.92% of the company’s stock.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $46.89 on Friday. The firm has a market capitalization of $8.30 billion, a P/E ratio of 334.94, a PEG ratio of 1.79 and a beta of 1.02. The stock has a fifty day moving average price of $48.06 and a 200 day moving average price of $44.43. American Healthcare REIT, Inc. has a 52 week low of $26.48 and a 52 week high of $51.01. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.37.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 31st. American Healthcare REIT’s dividend payout ratio is presently 714.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AHR. KeyCorp lifted their price objective on American Healthcare REIT from $43.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Citigroup boosted their price target on American Healthcare REIT from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Zacks Research lowered American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Truist Financial dropped their price objective on American Healthcare REIT from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group restated a “buy” rating on shares of American Healthcare REIT in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus target price of $51.83.

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.