Algert Global LLC Sells 8,290 Shares of American Healthcare REIT, Inc. $AHR

Key Points

• Algert Global LLC has reduced its stake in American Healthcare REIT by 6.3%, selling 8,290 shares during the first quarter, now holding 123,024 shares valued at approximately $3.73 million.
• Several institutional investors have increased their holdings in American Healthcare REIT, with MassMutual Private Wealth & Trust FSB notably boosting its stake by 189%.
• American Healthcare REIT reported a quarterly earnings per share (EPS) of $0.42, exceeding estimates, and set its FY 2025 guidance between $1.640-$1.680 EPS.

Algert Global LLC lessened its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 123,024 shares of the company's stock after selling 8,290 shares during the period. Algert Global LLC owned 0.08% of American Healthcare REIT worth $3,728,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in American Healthcare REIT by 42.2% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after purchasing an additional 417 shares in the last quarter. Benjamin Edwards Inc. increased its stake in American Healthcare REIT by 3.2% in the first quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company's stock valued at $435,000 after purchasing an additional 444 shares in the last quarter. Xponance Inc. increased its stake in American Healthcare REIT by 4.3% in the first quarter. Xponance Inc. now owns 11,489 shares of the company's stock valued at $348,000 after purchasing an additional 470 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in American Healthcare REIT by 189.0% in the first 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. Finally, Mutual Advisors LLC increased its stake in American Healthcare REIT by 6.4% in the first quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock valued at $330,000 after purchasing an additional 640 shares in the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.

Insiders Place Their Bets

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 shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the transaction, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. KeyCorp lifted their price target 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. Truist Financial upped their price objective on shares of American Healthcare REIT from $38.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Scotiabank started coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective on the stock. Finally, JMP Securities upped their price objective on shares of American Healthcare REIT from $40.00 to $45.00 and gave the stock a "market outperform" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $41.11.

American Healthcare REIT Stock Up 0.4%

American Healthcare REIT stock traded up $0.1550 during midday trading on Monday, hitting $42.6250. 428,632 shares of the stock were exchanged, compared to its average volume of 1,637,628. American Healthcare REIT, Inc. has a 52-week low of $20.15 and a 52-week high of $43.14. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of -193.85, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. The business's 50-day moving average price is $38.05 and its 200-day moving average price is $33.57. 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 (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $542.50 million for the quarter, compared to analysts' expectations of $539.49 million. During the same period in the previous year, the company earned $0.33 earnings per share. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, research analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a dividend of $0.25 per share. 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 payout ratio is -454.55%.

American Healthcare REIT Company Profile

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.