Zacks Research Downgrades American Healthcare REIT (NYSE:AHR) to Hold

American Healthcare REIT (NYSE:AHR) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other brokerages also recently commented on AHR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Healthcare REIT in a research note on Wednesday, October 8th. Citigroup upped their price objective on shares of American Healthcare REIT from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, November 21st. Morgan Stanley raised their price objective on American Healthcare REIT from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. JMP Securities boosted their target price on American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, October 17th. Finally, KeyCorp increased their price target on American Healthcare REIT from $43.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.64.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $47.24 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $8.36 billion, a PE ratio of 337.44, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The stock has a 50-day moving average of $48.11 and a 200-day moving average of $42.88. American Healthcare REIT has a one year low of $26.40 and a one year high of $51.01.

Insider Activity

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

Institutional Investors Weigh In On American Healthcare REIT

Several large investors have recently made changes to their positions in AHR. Optiver Holding B.V. raised its position in American Healthcare REIT by 83.1% during the third quarter. Optiver Holding B.V. now owns 652 shares of the company’s stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. Darwin Wealth Management LLC bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $31,000. Total Investment Management Inc. acquired a new stake in American Healthcare REIT in the 2nd quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in American Healthcare REIT in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 16.68% 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.