American Healthcare REIT (NYSE:AHR) Downgraded to Hold Rating by Zacks Research

Zacks Research cut shares of American Healthcare REIT (NYSE:AHR) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

AHR has been the topic of a number of other reports. UBS Group raised 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. KeyCorp upped their price target on American Healthcare REIT from $43.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of American Healthcare REIT in a research report on Monday, December 15th. Royal Bank Of Canada boosted their price objective on American Healthcare REIT from $45.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, Truist Financial increased their target price on shares of American Healthcare REIT from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus target price of $51.64.

American Healthcare REIT Stock Up 0.4%

Shares of AHR stock opened at $47.24 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.37. American Healthcare REIT has a 12 month low of $26.40 and a 12 month high of $51.01. The stock has a market cap of $8.36 billion, a P/E ratio of 337.44, a P/E/G ratio of 1.67 and a beta of 0.93. The company has a 50 day simple moving average of $48.11 and a two-hundred day simple moving average of $42.88.

American Healthcare REIT Announces Dividend

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

Insider Buying and Selling

In other American Healthcare REIT news, EVP Mark E. Foster sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $49.35, for a total value of $74,025.00. Following the completion of the transaction, the executive vice president directly owned 57,600 shares in the company, valued at $2,842,560. This represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey T. Hanson sold 35,570 shares of American Healthcare REIT stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $48.38, for a total transaction of $1,720,876.60. Following the sale, the director owned 19,208 shares in the company, valued at approximately $929,283.04. The trade was a 64.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 76,288 shares of company stock worth $3,718,666. 0.92% of the stock is owned by insiders.

Institutional Trading of American Healthcare REIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. boosted its holdings in shares of American Healthcare REIT by 83.1% during the 3rd quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of American Healthcare REIT in the third quarter worth about $28,000. Darwin Wealth Management LLC purchased a new stake in shares of American Healthcare REIT in the second quarter worth about $31,000. Total Investment Management Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. bought a new position in American Healthcare REIT during the second quarter valued at approximately $34,000. 16.68% of the stock is currently owned by institutional investors.

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.