Jeffrey Hanson, a director at American Healthcare REIT, Inc. (NYSE: AHR), has sold 19,208 shares of the company’s stock for a total value of $929,667.20. The transaction occurred on December 23, 2023, with shares sold at an average price of $48.40. This sale was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
Following the sale, shares of American Healthcare REIT opened at $47.02 on Thursday, reflecting a 1.5% decline in value. The company has a market capitalization of $8.32 billion, with a price-to-earnings (P/E) ratio of 335.86 and a price-to-earnings-growth (PEG) ratio of 1.99. The firm’s debt-to-equity ratio stands at 0.37, while its current and quick ratios are both 0.44. Over the past year, American Healthcare REIT’s stock has fluctuated between a low of $26.40 and a high of $51.01.
Dividend Announcement and Analyst Insights
In related news, American Healthcare REIT has announced a quarterly dividend of $0.25 per share, which is scheduled for payment on January 16, 2024. Shareholders of record on December 31, 2023 will receive this dividend, which represents an annualized dividend of $1.00 and a yield of 2.1%. Notably, the company’s dividend payout ratio (DPR) is currently reported at 714.29%.
Analyst ratings for American Healthcare REIT have shown positive trends recently. Citizens JMP raised their price target from $50.00 to $60.00, while maintaining a “market outperform” rating. Similarly, Truist Financial increased their target price from $46.00 to $53.00 with a “buy” recommendation. Other analysts, including those from Citigroup and Zacks Research, have also upgraded their ratings and price targets, contributing to an average rating of “Buy” with a consensus target price of $51.64 according to data from MarketBeat.com.
Company Profile and Market Position
American Healthcare REIT, Inc. is a publicly traded real estate investment trust (REIT) focused on acquiring, owning, and managing healthcare-related properties throughout the United States. The company’s diverse portfolio includes senior housing communities, skilled nursing facilities, medical office buildings, and outpatient care centers, all structured under long-term net lease or triple-net lease agreements designed to ensure stable and predictable rental income.
The strategic approach of American Healthcare REIT involves partnering with established healthcare operators, targeting properties in both major metropolitan areas and high-growth secondary markets. This strategy aims to leverage demographic trends, particularly the aging population and the rising demand for outpatient services.
As the healthcare sector continues to evolve, American Healthcare REIT remains well-positioned to adapt to market changes and capitalize on growth opportunities in the industry.
