American Healthcare REIT, Inc.’s Lock-Up Period Set To Expire on August 5th (NYSE:AHR)

American Healthcare REIT’s (NYSE:AHR) lock-up period is set to expire on Monday, August 5th. American Healthcare REIT had issued 56,000,000 shares in its public offering on February 7th. The total size of the offering was $672,000,000 based on an initial share price of $12.00. After the end of American Healthcare REIT’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $16.00 price target on shares of American Healthcare REIT in a research report on Thursday, May 16th. Truist Financial reissued a “buy” rating and set a $17.00 price target (up previously from $16.00) on shares of American Healthcare REIT in a research report on Monday, July 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR opened at $16.14 on Monday. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $16.93. The stock’s 50 day moving average price is $15.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date was Thursday, June 27th.

Insider Transactions at American Healthcare REIT

In related news, CEO Danny Prosky purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $14.20 per share, for a total transaction of $355,000.00. Following the completion of the purchase, the chief executive officer now owns 108,333 shares in the company, valued at approximately $1,538,328.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On American Healthcare REIT

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new position in American Healthcare REIT during the second quarter valued at approximately $1,503,000. Chilton Capital Management LLC raised its position in American Healthcare REIT by 0.7% during the second quarter. Chilton Capital Management LLC now owns 519,321 shares of the company’s stock valued at $7,698,000 after purchasing an additional 3,840 shares in the last quarter. Commonwealth Equity Services LLC raised its position in American Healthcare REIT by 11.8% during the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock valued at $336,000 after purchasing an additional 2,429 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in American Healthcare REIT during the second quarter valued at approximately $217,000. Finally, Principal Financial Group Inc. raised its position in American Healthcare REIT by 2.6% during the second quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock valued at $89,970,000 after purchasing an additional 157,762 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

About American Healthcare REIT

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.