Insider Selling: American Healthcare REIT (NYSE:AHR) EVP Sells 1,500 Shares of Stock

American Healthcare REIT, Inc. (NYSE:AHR) EVP Mark Foster sold 1,500 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total value of $74,025.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Healthcare REIT Price Performance

AHR stock traded down $1.36 during mid-day trading on Wednesday, reaching $47.81. 1,967,891 shares of the company traded hands, compared to its average volume of 1,606,943. The company has a fifty day moving average price of $43.24 and a 200-day moving average price of $39.16. American Healthcare REIT, Inc. has a 52-week low of $26.11 and a 52-week high of $50.51. The company has a market capitalization of $8.06 billion, a P/E ratio of 341.51, a P/E/G ratio of 2.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.48.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio is 714.29%.

Wall Street Analyst Weigh In

Several brokerages have commented on AHR. KeyCorp reissued an “overweight” rating on shares of American Healthcare REIT in a report on Friday, November 7th. Baird R W upgraded American Healthcare REIT to a “strong-buy” rating in a research report on Thursday, July 17th. UBS Group initiated coverage on American Healthcare REIT in a research note on Friday, September 19th. They issued a “buy” rating and a $51.00 target price on the stock. JMP Securities raised their price target on American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a report on Friday, October 17th. Finally, Truist Financial boosted their price objective on American Healthcare REIT from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Two investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $47.40.

Hedge Funds Weigh In On American Healthcare REIT

Several institutional investors and hedge funds have recently made changes to their positions in AHR. Aptus Capital Advisors LLC raised its position in American Healthcare REIT by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 327,319 shares of the company’s stock worth $13,751,000 after purchasing an additional 42,852 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of American Healthcare REIT by 30.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 39,284 shares of the company’s stock valued at $1,650,000 after acquiring an additional 9,227 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Healthcare REIT by 173.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,459,471 shares of the company’s stock valued at $61,311,000 after acquiring an additional 924,834 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in American Healthcare REIT during the 3rd quarter valued at about $545,000. Finally, American Century Companies Inc. grew its position in American Healthcare REIT by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 2,838,692 shares of the company’s stock worth $119,254,000 after acquiring an additional 282,692 shares during the last quarter. Institutional investors own 16.68% of the company’s stock.

About American Healthcare REIT

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.