American Healthcare REIT, Inc.’s Lock-Up Period Will Expire Tomorrow (NYSE:AHR)

American Healthcare REIT’s (NYSE:AHR) lock-up period will expire on Monday, August 5th. American Healthcare REIT had issued 56,000,000 shares in its initial 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 expiration of American Healthcare REIT’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AHR. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of American Healthcare REIT in a report on Thursday, May 16th. Truist Financial reaffirmed a “buy” rating and issued a $17.00 target price (up from $16.00) on shares of American Healthcare REIT in a report on Monday, July 1st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

American Healthcare REIT Trading Up 0.4 %

Shares of AHR opened at $16.14 on Friday. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $16.93. The firm has a 50-day moving average of $15.33. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60.

American Healthcare REIT Announces Dividend

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

Insiders Place Their Bets

In other American Healthcare REIT news, CEO Danny Prosky bought 25,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average price of $14.20 per share, for a total transaction of $355,000.00. Following the transaction, the chief executive officer now directly owns 108,333 shares in the company, valued at approximately $1,538,328.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $58,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $110,000. SG Americas Securities LLC acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $189,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $217,000. Finally, Virtu Financial LLC acquired a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $308,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

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.