Allstate Corp Has $438,000 Stock Position in American Healthcare REIT, Inc. $AHR

Key Points

• Allstate Corp increased its investment in American Healthcare REIT, Inc. by 90.7% in the first quarter, owning a total of 14,447 shares valued at $438,000.
• Several institutional investors have significantly boosted their stakes in American Healthcare REIT, with Invesco Ltd. raising its stake by 1,543.1% to over $152 million.
• American Healthcare REIT reported an EPS of $0.42 in its latest earnings, surpassing estimates and showing a 7.5% year-over-year revenue increase.

Allstate Corp grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 90.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,447 shares of the company's stock after acquiring an additional 6,871 shares during the period. Allstate Corp's holdings in American Healthcare REIT were worth $438,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of 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 boosted its holdings in shares of 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 buying an additional 633 shares during the period. Spirit of America Management Corp NY bought a new stake in shares of American Healthcare REIT during the 1st quarter worth $30,000. Avalon Trust Co bought a new stake in shares of American Healthcare REIT during the 1st quarter worth $36,000. Finally, Continuum Advisory LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter worth $37,000. 16.68% of the stock is owned by institutional investors.

Insider Activity

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive owned 95,671 shares in the company, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AHR shares. Robert W. Baird started coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They set an "outperform" rating and a $41.00 price objective for the company. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Royal Bank Of Canada upped their price objective on shares of American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Morgan Stanley increased their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Finally, Scotiabank reissued an "outperform" rating on shares of American Healthcare REIT in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $41.89.

American Healthcare REIT Stock Performance

American Healthcare REIT stock traded up $0.07 during mid-day trading on Friday, reaching $42.79. The company had a trading volume of 988,676 shares, compared to its average volume of 1,607,473. 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 52 week low of $20.15 and a 52 week high of $43.14. The company has a 50 day moving average of $38.75 and a 200-day moving average of $34.08. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of -194.48, a PEG ratio of 2.19 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.42 earnings per share 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 during the quarter, compared to the consensus estimate of $539.49 million. During the same period in the prior year, the firm earned $0.33 EPS. The business's 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, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

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 currently -454.55%.

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.