Adage Capital Partners GP L.L.C. Raises Position in American Healthcare REIT, Inc. $AHR

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in American Healthcare REIT by 13.5%, now holding 1,050,000 shares valued at approximately $31.82 million.
• American Healthcare REIT reported underwhelming financial metrics, including a negative net margin of 1.56% despite beating earnings estimates with $0.42 per share.
• The company announced a quarterly $0.25 dividend with a yield of 2.3%, although the dividend payout ratio stands at a concerning -454.55%.

Adage Capital Partners GP L.L.C. lifted its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,050,000 shares of the company's stock after acquiring an additional 125,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.67% of American Healthcare REIT worth $31,815,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after buying an additional 633 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in shares of American Healthcare REIT during the first quarter valued at $30,000. Avalon Trust Co acquired a new stake in shares of American Healthcare REIT during the 1st quarter valued at about $36,000. Finally, Continuum Advisory LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter worth about $37,000. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Trading Up 1.0%

AHR traded up $0.42 during trading on Wednesday, reaching $43.35. 458,583 shares of the stock traded hands, compared to its average volume of 1,623,889. The stock has a market capitalization of $7.31 billion, a PE ratio of -197.34, a P/E/G ratio of 2.20 and a beta of 1.09. The stock's 50-day moving average is $39.62 and its 200 day moving average is $34.75. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. American Healthcare REIT, Inc. has a 12 month low of $22.55 and a 12 month high of $43.52.

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, topping analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $542.50 million for the quarter, compared to analysts' expectations of $539.49 million. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders 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 annualized dividend and a yield of 2.3%. American Healthcare REIT's dividend payout ratio (DPR) is -454.55%.

Insider Activity

In other American Healthcare REIT news, EVP Mark E. Foster sold 3,850 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were 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 owned 59,100 shares in the company, valued at approximately $2,475,699. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Truist Financial raised their price objective on American Healthcare REIT from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Royal Bank Of Canada lifted their target price on American Healthcare REIT from $39.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Scotiabank reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Thursday, August 28th. Finally, KeyCorp boosted their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $41.89.

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.