American Healthcare REIT (AHR)
Owns healthcare real estate anchored by operated Trilogy senior care campuses.
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Owns and operates senior housing, skilled nursing, outpatient medical, and net-leased healthcare properties, earning resident fees and service revenue from RIDEA structures alongside rental income. Trilogy's integrated campuses anchor a largely U.S. portfolio and expose results to occupancy, labor costs, and government reimbursement.
Acquires, owns, and operates clinical healthcare real estate across Integrated Senior Health Campuses, Senior Housing Operating Properties, Outpatient Medical, and triple-net leased properties. Trilogy campuses combine independent living, assisted living, memory care, and skilled nursing on one site, while SHOP communities serve varying senior-care needs.
Earns resident fees and service revenue from RIDEA-structured campuses and communities, and rent from outpatient medical buildings and other net-leased properties. The portfolio is largely U.S.-based, with a small presence in the United Kingdom and Isle of Man.
Results depend on occupancy, care pricing, labor and insurance costs, and third-party managers and tenants. Skilled nursing also depends on licensure and Medicare and Medicaid reimbursement, while REIT status constrains asset, income, and distribution practices.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | UBS | Target | Target: $63 | Target: $65 |
| Sep 2, 2026 | Scotiabank | Reiterate | Rating: —Target: $47 | Target: $62 |
| Aug 31, 2026 | Barclays | Reiterate | Rating: —Target: $61 | Target: $66 |
| Aug 19, 2026 | KeyBanc | Reiterate | Rating: —Target: $58 | Target: $68 |
| Aug 14, 2026 | Truist Financial | Target | Target: $57 | Target: $61 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $156.9M · Total debt $1.57B · Total assets $5.70B · Shareholders' equity $3.69B
- Revenue
- $674.3M
- Operating income
- $45.6M
- Net income
- $30.6M
HistoryDividendAnnual yield
| Institutions | ≈ 116.37% | 224.27M shares | |
|---|---|---|---|
| 579 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.51% | 984.7K shares | |
| 13 holders · as of Sep 1, 2026 | |||
| Adds to | 116.88% | ||
192.72M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 116.88%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.41% | 25.85M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.81% | 16.98M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.77% | 9.20M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.69% | 9.05M | as of Jun 30, 2026 |
Principal Financial Group IncInstitution | 4.63% | 8.92M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Mark E. Foster | officer: EVP, GC & Secretary | −2,000 | $55.39 |
| Jun 26, 2026 | Brian Peay | officer: Chief Financial Officer | −25,000 | $50.70 |
| Jun 24, 2026 | Mark E. Foster | officer: EVP, GC & Secretary | −2,500 | $48.58 |
| Mar 25, 2026 | Mark E. Foster | officer: EVP, GC & Secretary | −2,000 | $48.55 |
| Dec 23, 2025 | Jeffrey T. Hanson | director | −19,208 | $48.40 |
- Welltower
Dominant senior-housing REIT with RIDEA/SHOP and outpatient medical overlap.
- Ventas
Multi-segment REIT overlapping AHR in SHOP, outpatient medical, and triple-net.
- Omega Healthcare Investors
SNF-dominant triple-net REIT; largest overlap on AHR's net-leased SNF assets.
- CareTrust REIT
Triple-net SNF and senior housing REIT; direct overlap on AHR's leased segment.
- Sabra Health Care REIT
Triple-net SNF and senior housing REIT with growing managed SHOP segment.
- Healthpeak Properties
Outpatient medical REIT with MOB overlap; secondary senior housing via CCRC.
- National Health Investors
Senior housing and SNF triple-net REIT overlapping AHR's net-leased portfolio.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Healthcare REIT | $51.85 | −0.86% | $10.81B | 76.9 | 74.5 | 4.3 | +23.7% |
| Welltower | $231.04 | −0.74% | $167.72B | 123.2 | 83.4 | 13.3 | +39.1% |
| Ventas | $87.03 | −0.01% | $42.31B | 161.2 | 120.4 | 6.6 | +21.7% |
| Omega Healthcare Investors | $46.50 | −0.70% | $14.01B | 16.7 | 24.0 | 10.8 | +11.5% |
| CareTrust REIT | $37.44 | −0.64% | $8.90B | 23.4 | 23.1 | 16.4 | +37.4% |
| Sabra Health Care REIT | $19.83 | −0.19% | $5.01B | 75.7 | 27.3 | 5.8 | +24.7% |
| Healthpeak Properties | $20.71 | −0.05% | $14.28B | 59.2 | 104.6 | 4.8 | +10.5% |
| National Health Investors | $67.67 | −0.29% | $3.29B | 19.6 | 19.9 | 7.6 | +1.6% |
| Median | 59.2 | 27.3 | 7.6 | +21.7% |