Norges Bank bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,558,500 shares of the company’s stock, valued at approximately $120,403,000.
A number of other hedge funds also recently modified their holdings of the business. Allianz Asset Management GmbH lifted its stake in American Healthcare REIT by 188.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 261,188 shares of the company’s stock worth $10,973,000 after acquiring an additional 170,709 shares in the last quarter. Greenland Capital Management LP grew its stake in American Healthcare REIT by 85.2% during the 3rd quarter. Greenland Capital Management LP now owns 91,000 shares of the company’s stock valued at $3,823,000 after acquiring an additional 41,876 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of American Healthcare REIT by 11.1% in the 3rd quarter. American Century Companies Inc. now owns 2,838,692 shares of the company’s stock valued at $119,254,000 after purchasing an additional 282,692 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of American Healthcare REIT by 16.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 291,426 shares of the company’s stock valued at $14,076,000 after purchasing an additional 40,231 shares during the period. Finally, Aberdeen Group plc lifted its position in shares of American Healthcare REIT by 24.5% in the fourth quarter. Aberdeen Group plc now owns 1,338,967 shares of the company’s stock worth $63,012,000 after purchasing an additional 263,791 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.
American Healthcare REIT Trading Down 0.5%
Shares of NYSE AHR opened at $46.33 on Friday. The business has a 50 day simple moving average of $49.26 and a 200 day simple moving average of $49.33. American Healthcare REIT, Inc. has a 52 week low of $34.27 and a 52 week high of $54.67. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 79.89, a PEG ratio of 1.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.45 and a current ratio of 0.45.
American Healthcare REIT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. American Healthcare REIT’s dividend payout ratio (DPR) is currently 172.41%.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Weiss Ratings cut shares of American Healthcare REIT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. The Goldman Sachs Group set a $60.00 price objective on shares of American Healthcare REIT in a research note on Monday, March 2nd. Royal Bank Of Canada increased their target price on shares of American Healthcare REIT from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Citigroup reissued a “market outperform” rating on shares of American Healthcare REIT in a research note on Monday, March 2nd. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of American Healthcare REIT in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.64.
View Our Latest Analysis on AHR
Insider Buying and Selling at American Healthcare REIT
In related news, EVP Mark E. Foster sold 2,000 shares of American Healthcare REIT stock in a transaction on Monday, June 1st. The shares were sold at an average price of $48.32, for a total value of $96,640.00. Following the completion of the sale, the executive vice president owned 55,495 shares of the company’s stock, valued at approximately $2,681,518.40. The trade was a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.
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.
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