Intech Investment Management LLC Has $2.65 Million Stock Position in American Healthcare REIT, Inc. $AHR

Intech Investment Management LLC lessened its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 20.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 72,012 shares of the company’s stock after selling 18,713 shares during the quarter. Intech Investment Management LLC’s holdings in American Healthcare REIT were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Invesco Ltd. lifted its position in American Healthcare REIT by 1,543.1% in the first quarter. Invesco Ltd. now owns 5,022,455 shares of the company’s stock worth $152,180,000 after purchasing an additional 4,716,792 shares during the period. Alliancebernstein L.P. raised its position in American Healthcare REIT by 350.7% in the first quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company’s stock worth $138,149,000 after purchasing an additional 3,547,635 shares in the last quarter. Vanguard Group Inc. raised its position in American Healthcare REIT by 22.4% in the first quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company’s stock worth $569,494,000 after purchasing an additional 3,437,861 shares in the last quarter. Nuveen LLC bought a new position in American Healthcare REIT during the first quarter worth about $68,097,000. Finally, Geode Capital Management LLC boosted its holdings in American Healthcare REIT by 20.5% during the second quarter. Geode Capital Management LLC now owns 4,578,867 shares of the company’s stock valued at $174,882,000 after purchasing an additional 779,109 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on AHR shares. Weiss Ratings restated a “hold (c)” rating on shares of American Healthcare REIT in a research report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating and set a $52.00 price objective on shares of American Healthcare REIT in a report on Monday. 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 increased their target price on shares of American Healthcare REIT from $45.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Friday, October 17th. Finally, Royal Bank Of Canada boosted their price target on shares of American Healthcare REIT from $45.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. 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.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $50.60.

Insider Activity at American Healthcare REIT

In other news, EVP Mark E. Foster sold 1,500 shares of the stock in a transaction that occurred 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey T. Hanson sold 20,010 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $49.68, for a total transaction of $994,096.80. Following the completion of the transaction, the director owned 21,798 shares of the company’s stock, valued at $1,082,924.64. This trade represents a 47.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,360 shares of company stock worth $1,229,398 over the last three months. 0.92% of the stock is owned by insiders.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR opened at $49.47 on Thursday. The business has a fifty day moving average of $43.93 and a 200-day moving average of $39.80. The firm has a market cap of $8.75 billion, a PE ratio of 353.32, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.44 and a current ratio of 0.44. American Healthcare REIT, Inc. has a twelve month low of $26.40 and a twelve month high of $50.51.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio is presently 714.29%.

American Healthcare REIT 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.