Jupiter Asset Management Ltd. Takes $11.43 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

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. purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 377,342 shares of the company's stock, valued at approximately $11,433,000. Jupiter Asset Management Ltd. owned approximately 0.24% of American Healthcare REIT at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new stake in American Healthcare REIT during the first quarter worth $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $30,000. Continuum Advisory LLC acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $37,000. Finally, Tsfg LLC acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AHR shares. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. KeyCorp boosted their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 target price on the stock. Truist Financial boosted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. 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.com, the company has a consensus rating of "Buy" and a consensus target price of $38.11.

Insiders Place Their Bets

In other American Healthcare REIT 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 sale, the executive directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock traded down $0.03 during trading on Thursday, reaching $39.63. The company's stock had a trading volume of 97,691 shares, compared to its average volume of 1,627,103. The stock has a market capitalization of $6.32 billion, a P/E ratio of -146.67, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. American Healthcare REIT, Inc. has a one year low of $16.34 and a one year high of $40.56. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $36.66 and a two-hundred day moving average price of $32.50.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced 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. The firm had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is currently -370.37%.

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.