Accel Wealth Management grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 37.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,781 shares of the company’s stock after purchasing an additional 4,287 shares during the quarter. Accel Wealth Management’s holdings in American Healthcare REIT were worth $580,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Stratos Wealth Partners LTD. raised its holdings in shares of American Healthcare REIT by 57.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company’s stock valued at $487,000 after purchasing an additional 5,891 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of American Healthcare REIT by 42.2% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock worth $43,000 after acquiring an additional 417 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $332,000. Sequoia Financial Advisors LLC bought a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $476,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of American Healthcare REIT by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company’s stock worth $67,722,000 after acquiring an additional 89,926 shares in the last quarter. Institutional investors own 16.68% of the company’s stock.
American Healthcare REIT Stock Performance
AHR opened at $40.89 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a fifty day moving average price of $41.43 and a 200 day moving average price of $36.35. American Healthcare REIT, Inc. has a 1 year low of $23.66 and a 1 year high of $43.52. The stock has a market cap of $6.89 billion, a P/E ratio of -185.84, a P/E/G ratio of 2.10 and a beta of 0.98.
American Healthcare REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio is -454.55%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on AHR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of American Healthcare REIT in a research note on Saturday, September 27th. Baird R W upgraded shares of American Healthcare REIT to a “strong-buy” rating in a research note on Thursday, July 17th. Robert W. Baird started coverage on shares of American Healthcare REIT in a research note on Friday, July 18th. They set an “outperform” rating and a $41.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating on shares of American Healthcare REIT in a research note on Wednesday, September 3rd. Finally, JMP Securities boosted their target price on shares of American Healthcare REIT from $40.00 to $45.00 and gave the stock a “market outperform” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, American Healthcare REIT has a consensus rating of “Buy” and a consensus target price of $44.11.
Check Out Our Latest Analysis on AHR
Insider Activity at American Healthcare REIT
In other news, EVP Mark E. Foster sold 3,850 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total value of $161,276.50. Following the completion of the sale, the executive vice president directly owned 59,100 shares in the company, valued at $2,475,699. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by company insiders.
American Healthcare REIT 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.
Further Reading
- Five stocks we like better than American Healthcare REIT
- How to Calculate Options Profits
- Why the Precious Metal Nobody Talks About Could Be Your Best Bet
- 3 Best Fintech Stocks for a Portfolio Boost
- Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
Receive News & Ratings for American Healthcare REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Healthcare REIT and related companies with MarketBeat.com's FREE daily email newsletter.