American Healthcare REIT, Inc. (NYSE:AHR – Get Free Report) Director Scott Estes sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $59.32, for a total transaction of $148,300.00. Following the completion of the transaction, the director owned 18,989 shares in the company, valued at $1,126,427.48. This trade represents a 11.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
American Healthcare REIT Trading Up 0.7%
NYSE:AHR opened at $59.36 on Wednesday. The firm’s fifty day moving average is $53.24 and its 200-day moving average is $51.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.48 and a current ratio of 0.53. American Healthcare REIT, Inc. has a 52 week low of $44.81 and a 52 week high of $59.53. The firm has a market cap of $12.94 billion, a P/E ratio of 121.14, a P/E/G ratio of 1.40 and a beta of 0.78.
American Healthcare REIT (NYSE:AHR – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $742.15 million during the quarter, compared to the consensus estimate of $703.51 million. American Healthcare REIT had a net margin of 3.61% and a return on equity of 2.38%. American Healthcare REIT’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. Equities analysts expect that American Healthcare REIT, Inc. will post 2.25 earnings per share for the current year.
American Healthcare REIT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Wednesday, 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 1.7%. The ex-dividend date was Wednesday, September 30th. American Healthcare REIT’s dividend payout ratio (DPR) is presently 204.08%.
Hedge Funds Weigh In On American Healthcare REIT
Several institutional investors have recently made changes to their positions in AHR. Outlook Capital Management LLC bought a new position in shares of American Healthcare REIT during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC bought a new stake in American Healthcare REIT in the 1st quarter valued at about $26,000. Silver Grove Financial Group Inc. increased its position in American Healthcare REIT by 1,065.5% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 641 shares of the company’s stock valued at $33,000 after buying an additional 586 shares in the last quarter. Covestor Ltd increased its position in American Healthcare REIT by 297.8% in the 3rd quarter. Covestor Ltd now owns 720 shares of the company’s stock valued at $37,000 after buying an additional 539 shares in the last quarter. Finally, Jacobi Capital Management LLC acquired a new position in American Healthcare REIT during the third quarter worth $46,000. Institutional investors and hedge funds own 16.68% of the company’s stock.
Analysts Set New Price Targets
AHR has been the subject of several research analyst reports. KeyCorp lifted their price objective on American Healthcare REIT from $58.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Barclays cut their target price on American Healthcare REIT from $66.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Truist Financial raised their target price on American Healthcare REIT from $57.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Compass Point began coverage on American Healthcare REIT in a report on Tuesday, July 21st. They issued a “buy” rating and a $70.00 target price for the company. Finally, UBS Group dropped their price target on American Healthcare REIT from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $63.31.
View Our Latest Research Report on American Healthcare REIT
About American Healthcare REIT
American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses. The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care. American Healthcare REIT began trading on the New York Stock Exchange in 2024.
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