Jeffrey Hanson Sells 20,010 Shares of American Healthcare REIT (NYSE:AHR) Stock

American Healthcare REIT, Inc. (NYSE:AHR) Director Jeffrey Hanson sold 20,010 shares of the firm’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 value of $994,096.80. Following the sale, the director directly owned 21,798 shares of the company’s stock, valued at $1,082,924.64. This represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $49.18 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.44 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $43.24 and its two-hundred day moving average is $39.16. American Healthcare REIT, Inc. has a 52 week low of $25.87 and a 52 week high of $50.51. The company has a market capitalization of $8.29 billion, a PE ratio of 351.30, a price-to-earnings-growth ratio of 2.43 and a beta of 0.98.

American Healthcare REIT Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.0%. American Healthcare REIT’s dividend payout ratio (DPR) is presently 714.29%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial upped their target price on shares of American Healthcare REIT from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. UBS Group assumed coverage on American Healthcare REIT in a research note on Friday, September 19th. They issued a “buy” rating and a $51.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. Citizens Jmp upped their target price on American Healthcare REIT from $50.00 to $60.00 and gave the stock a “market outperform” rating in a report on Monday. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Friday, October 17th. Two research 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 stock. According to data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Buy” and an average price target of $46.50.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its stake 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 valued at $152,180,000 after purchasing an additional 4,716,792 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of American Healthcare REIT by 350.7% in the 1st quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company’s stock valued at $138,149,000 after buying an additional 3,547,635 shares in the last quarter. Vanguard Group Inc. grew its position in shares of American Healthcare REIT by 22.4% in the 1st quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company’s stock worth $569,494,000 after buying an additional 3,437,861 shares during the last quarter. Nuveen LLC bought a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $68,097,000. Finally, American Century Companies Inc. lifted its position in American Healthcare REIT by 103.6% during the second quarter. American Century Companies Inc. now owns 2,556,000 shares of the company’s stock valued at $93,907,000 after acquiring an additional 1,300,743 shares during the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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.