Key Points
- Director Scott Estes sold 2,500 shares for $148,300 at an average price of $59.32, reducing his direct stake by 11.63% to 18,989 shares.
- American Healthcare REIT beat quarterly estimates, reporting EPS of $0.58 versus $0.56 expected and revenue of $742.15 million, up 29.5% year over year.
- Analysts maintain a broadly positive view: the stock has a consensus Buy rating and an average price target of $63.31.
American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) Director Scott Estes sold 2,500 shares of the business's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $59.32, for a total transaction of $148,300.00. Following the completion of the transaction, the director directly owned 18,989 shares in the company, valued at $1,126,427.48. This trade represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
American Healthcare REIT Price Performance
American Healthcare REIT stock opened at $59.36 on Wednesday. American Healthcare REIT, Inc. has a one year low of $44.81 and a one year high of $59.53. The business has a fifty day moving average price of $53.24 and a 200-day moving average price of $51.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a market capitalization of $12.94 billion, a P/E ratio of 121.14, a PEG ratio of 1.40 and a beta of 0.78.
American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. American Healthcare REIT had a net margin of 3.61% and a return on equity of 2.38%. The business had revenue of $742.15 million for the quarter, compared to analyst estimates of $703.51 million. During the same quarter in the prior year, the firm posted $0.44 EPS. American Healthcare REIT's revenue was up 29.5% on a year-over-year basis. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 2.25 EPS for the current year.
American Healthcare REIT Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. American Healthcare REIT's dividend payout ratio is presently 204.08%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of American Healthcare REIT from $65.00 to $67.00 and gave the stock a "buy" rating in a report on Tuesday. Zacks Research raised American Healthcare REIT from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 2nd. Scotiabank raised their price target on American Healthcare REIT from $56.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. UBS Group lowered their price target on American Healthcare REIT from $63.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, October 13th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $72.00 price target on shares of American Healthcare REIT in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to MarketBeat, American Healthcare REIT presently has an average rating of "Buy" and an average price target of $63.31.
Get Our Latest Stock Analysis on American Healthcare REIT
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. North Dakota State Investment Board raised its holdings in shares of American Healthcare REIT by 3.9% during the third quarter. North Dakota State Investment Board now owns 5,845 shares of the company's stock valued at $300,000 after acquiring an additional 220 shares in the last quarter. Sigma Planning Corp boosted its holdings in American Healthcare REIT by 1.5% in the first quarter. Sigma Planning Corp now owns 15,191 shares of the company's stock valued at $716,000 after acquiring an additional 222 shares in the last quarter. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 7.3% in the second quarter. GAMMA Investing LLC now owns 3,264 shares of the company's stock valued at $170,000 after acquiring an additional 222 shares in the last quarter. Composition Wealth LLC raised its stake in American Healthcare REIT by 5.0% in the third quarter. Composition Wealth LLC now owns 4,662 shares of the company's stock worth $239,000 after buying an additional 224 shares in the last quarter. Finally, First Heartland Consultants Inc. lifted its stake in shares of American Healthcare REIT by 4.0% in the 3rd quarter. First Heartland Consultants Inc. now owns 6,196 shares of the company's stock valued at $318,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors own 16.68% of the company's stock.
About American Healthcare REIT
(
Get Free Report)
American Healthcare REIT is a real estate investment trust focused on healthcare-related properties. Its portfolio includes senior housing and care communities, skilled nursing facilities, outpatient medical buildings, and integrated senior health campuses. The company owns and operates properties across the United States and the United Kingdom. Its facilities support a range of healthcare and senior living services, including assisted living, memory care, and post-acute care. American Healthcare REIT began trading on the New York Stock Exchange in 2024.
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