Voya Investment Management LLC Cuts Stake in American Healthcare REIT, Inc. $AHR

Voya Investment Management LLC lessened its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 33.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,225 shares of the company’s stock after selling 14,425 shares during the quarter. Voya Investment Management LLC’s holdings in American Healthcare REIT were worth $1,228,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. increased its stake in American Healthcare REIT by 34.4% during the 1st quarter. Raymond James Financial Inc. now owns 149,533 shares of the company’s stock valued at $4,531,000 after purchasing an additional 38,243 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of American Healthcare REIT by 10.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 10,599 shares of the company’s stock valued at $321,000 after buying an additional 987 shares during the last quarter. Vident Advisory LLC bought a new stake in shares of American Healthcare REIT during the first quarter valued at approximately $227,000. Federation des caisses Desjardins du Quebec bought a new stake in shares of American Healthcare REIT during the first quarter valued at approximately $1,281,000. Finally, Adage Capital Partners GP L.L.C. raised its holdings in American Healthcare REIT by 13.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,050,000 shares of the company’s stock worth $31,815,000 after acquiring an additional 125,000 shares during the last quarter. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 1.2%

Shares of American Healthcare REIT stock opened at $47.71 on Wednesday. American Healthcare REIT, Inc. has a 1-year low of $26.40 and a 1-year high of $51.01. The company’s fifty day simple moving average is $47.91 and its 200-day simple moving average is $42.73. The stock has a market capitalization of $8.44 billion, a PE ratio of 340.79, a P/E/G ratio of 2.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44.

American Healthcare REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

AHR has been the subject of a number of research analyst reports. UBS Group lifted their target price on American Healthcare REIT from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Zacks Research raised shares of American Healthcare REIT from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. JMP Securities boosted their price objective on shares of American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a report on Friday, October 17th. Citizens Jmp raised 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, Morgan Stanley boosted their target price on shares of American Healthcare REIT from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $51.64.

Insider Transactions at American Healthcare REIT

In other news, Director Jeffrey T. Hanson sold 35,570 shares of American Healthcare REIT stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $48.38, for a total transaction of $1,720,876.60. Following the transaction, the director directly owned 19,208 shares of the company’s stock, valued at $929,283.04. The trade was a 64.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark E. Foster sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 76,288 shares of company stock worth $3,718,666. Insiders own 1.00% of the company’s stock.

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.