Stefan K.L. Oh Sells 3,860 Shares of American Healthcare REIT, Inc. (NYSE:AHR) Stock

American Healthcare REIT, Inc. (NYSE:AHR) CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares of the company’s stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

American Healthcare REIT Trading Up 2.4%

Shares of AHR opened at $37.23 on Friday. American Healthcare REIT, Inc. has a 12-month low of $14.79 and a 12-month high of $37.25. The firm has a market capitalization of $5.94 billion, a P/E ratio of -137.87, a P/E/G ratio of 2.04 and a beta of 1.09. The firm has a 50-day moving average price of $34.70 and a 200 day moving average price of $30.89. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million during the quarter, compared to analysts’ expectations of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. Sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.69%. American Healthcare REIT’s payout ratio is -370.37%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. KeyCorp lifted their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Truist Financial raised their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Finally, Jefferies Financial Group began coverage on American Healthcare REIT in a research report on Monday, April 28th. They issued a “buy” rating and a $37.00 price target for the company. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT has an average rating of “Buy” and a consensus price target of $37.75.

Institutional Investors Weigh In On American Healthcare REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock valued at $29,000 after buying an additional 633 shares during the period. Spirit of America Management Corp NY acquired a new position in American Healthcare REIT in the first quarter valued at about $30,000. Avalon Trust Co purchased a new position in American Healthcare REIT during the first quarter worth about $36,000. Finally, Continuum Advisory LLC acquired a new stake in shares of American Healthcare REIT during the first quarter valued at about $37,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Company 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.