377,342 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Bought by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. has acquired 377,342 shares of American Healthcare REIT, valued at approximately $11.43 million, representing a 0.24% ownership interest in the company.
• Institutional investors own 16.68% of American Healthcare REIT, with notable increases in holdings from GAMMA Investing LLC and MassMutual Private Wealth & Trust FSB in the first quarter.
• American Healthcare REIT reported earnings of $0.38 per share, exceeding expectations, with a revenue increase of 8.2% year-over-year despite a negative return on equity.

Jupiter Asset Management Ltd. bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 377,342 shares of the company's stock, valued at approximately $11,433,000. Jupiter Asset Management Ltd. owned 0.24% of American Healthcare REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of American Healthcare REIT by 42.2% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after buying an additional 417 shares during the period. Benjamin Edwards Inc. boosted its position in shares of American Healthcare REIT by 3.4% in the fourth quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock worth $396,000 after buying an additional 455 shares during the period. Xponance Inc. boosted its position in shares of American Healthcare REIT by 4.3% in the first quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after buying an additional 470 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of American Healthcare REIT by 189.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after buying an additional 633 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of American Healthcare REIT by 6.4% in the first quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock worth $330,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 16.68% of the company's stock.

Insider Buying and Selling at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the transaction, the executive owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Price Performance

NYSE AHR opened at $38.90 on Friday. American Healthcare REIT, Inc. has a twelve month low of $14.79 and a twelve month high of $39.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $6.20 billion, a PE ratio of -144.07, a P/E/G ratio of 2.18 and a beta of 1.08. The stock has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $32.29.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The business had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. 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. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is currently -370.37%.

Analyst Ratings Changes

A number of research firms recently issued reports on AHR. Morgan Stanley lifted their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank began coverage on American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective for the company. Jefferies Financial Group began coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective for the company. Finally, KeyCorp lifted their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $38.11.

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.

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