American Century Companies Inc. Sells 1,263,613 Shares of American Healthcare REIT, Inc. $AHR

Key Points

• American Century Companies Inc. has reduced its stake in American Healthcare REIT by 50.2%, owning approximately 1.26 million shares following the sale of over 1.26 million shares in the first quarter.
• Several other institutional investors have increased their holdings in American Healthcare REIT, with hedge funds owning 16.68% of the company's stock.
• Wall Street analysts generally have a positive outlook on American Healthcare REIT, with upgrades leading to increased price targets, including a new target of $45.00 from JMP Securities.

American Century Companies Inc. lessened its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 50.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,255,257 shares of the company's stock after selling 1,263,613 shares during the quarter. American Century Companies Inc. owned 0.80% of American Healthcare REIT worth $38,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AHR. Invesco Ltd. grew its holdings in American Healthcare REIT by 265.6% in the 4th quarter. Invesco Ltd. now owns 305,663 shares of the company's stock worth $8,687,000 after acquiring an additional 222,052 shares during the last quarter. Raymond James Financial Inc. bought a new stake in American Healthcare REIT in the 4th quarter worth $3,163,000. Barclays PLC grew its holdings in American Healthcare REIT by 82.4% in the 4th quarter. Barclays PLC now owns 325,254 shares of the company's stock worth $9,244,000 after acquiring an additional 146,938 shares during the last quarter. Mariner LLC grew its holdings in American Healthcare REIT by 12.3% in the 4th quarter. Mariner LLC now owns 60,461 shares of the company's stock worth $1,718,000 after acquiring an additional 6,599 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in American Healthcare REIT in the 4th quarter worth $5,597,000. Institutional investors own 16.68% of the company's stock.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the firm'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 completion of the sale, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on AHR. Scotiabank began coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price for the company. Royal Bank Of Canada raised their target price on shares of American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. 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 report on Wednesday, June 11th. Finally, Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $41.11.

American Healthcare REIT Stock Down 0.1%

NYSE:AHR traded down $0.0330 on Friday, reaching $42.4470. 1,845,330 shares of the stock traded hands, compared to its average volume of 1,519,406. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of -192.94, a PEG ratio of 2.17 and a beta of 1.08. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. American Healthcare REIT, Inc. has a 12 month low of $20.15 and a 12 month high of $43.14. The company's fifty day simple moving average is $38.05 and its 200 day simple moving average is $33.54.

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 for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $542.50 million during the quarter, compared to analyst estimates of $539.49 million. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. American Healthcare REIT's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Equities analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is currently -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.