Intech Investment Management LLC lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 110.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,725 shares of the company’s stock after purchasing an additional 47,570 shares during the quarter. Intech Investment Management LLC’s holdings in American Healthcare REIT were worth $2,749,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB grew its position in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after acquiring an additional 633 shares during the last quarter. Spirit of America Management Corp NY purchased a new stake in American Healthcare REIT in the 1st quarter worth approximately $30,000. Avalon Trust Co purchased a new stake in American Healthcare REIT in the 1st quarter worth approximately $36,000. Finally, Continuum Advisory LLC purchased a new stake in American Healthcare REIT in the 1st quarter worth approximately $37,000. 16.68% of the stock is currently owned by institutional investors.
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American Healthcare REIT Trading Down 0.2%
AHR stock opened at $42.66 on Monday. American Healthcare REIT, Inc. has a 12 month low of $23.66 and a 12 month high of $43.52. The company has a market capitalization of $7.19 billion, a PE ratio of -193.89, a P/E/G ratio of 2.19 and a beta of 1.09. The firm’s 50-day moving average is $39.97 and its 200 day moving average is $35.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48.
American Healthcare REIT (NYSE:AHR – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The firm had revenue of $542.50 million for the quarter, compared to the consensus estimate of $539.49 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.
American Healthcare REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. American Healthcare REIT’s dividend payout ratio is presently -454.55%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Royal Bank Of Canada raised their target price on American Healthcare REIT from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. KeyCorp lifted their target price on American Healthcare REIT from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, June 11th. JMP Securities lifted their price objective on American Healthcare REIT from $40.00 to $45.00 and gave the stock a “market outperform” rating in a report on Monday, August 11th. Baird R W raised American Healthcare REIT to a “strong-buy” rating in a report on Thursday, July 17th. Finally, Truist Financial boosted their price target on American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $41.89.
Get Our Latest Stock Report on American Healthcare REIT
Insider Activity at American Healthcare REIT
In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the firm’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark E. Foster sold 3,850 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total value of $161,276.50. Following the completion of the sale, the executive vice president directly owned 59,100 shares of the company’s stock, valued at $2,475,699. This trade represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
American Healthcare REIT Company Profile
(Free Report)
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.
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