Northern Trust Corp Has $51.39 Million Stake in American Healthcare REIT, Inc. $AHR

Key Points

• Northern Trust Corp has reduced its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 2.1%, now owning approximately 1.08% of the company worth $51.39 million.
• American Healthcare REIT recently declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a 2.3% yield.
• The company has experienced an increase in revenue, reporting $542.50 million for the latest quarter, surpassing analyst expectations and showcasing a 7.5% increase year-over-year.

Northern Trust Corp trimmed its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,696,078 shares of the company's stock after selling 36,804 shares during the quarter. Northern Trust Corp owned about 1.08% of American Healthcare REIT worth $51,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its position in American Healthcare REIT by 34.4% during the first quarter. Raymond James Financial Inc. now owns 149,533 shares of the company's stock worth $4,531,000 after purchasing an additional 38,243 shares during the period. Russell Investments Group Ltd. boosted its position in American Healthcare REIT by 6.4% during the first quarter. Russell Investments Group Ltd. now owns 1,580,473 shares of the company's stock worth $47,888,000 after purchasing an additional 95,247 shares during the period. Resona Asset Management Co. Ltd. boosted its position in American Healthcare REIT by 8.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 66,510 shares of the company's stock worth $2,023,000 after purchasing an additional 5,274 shares during the period. HighTower Advisors LLC boosted its position in American Healthcare REIT by 68.9% during the first quarter. HighTower Advisors LLC now owns 118,230 shares of the company's stock worth $3,582,000 after purchasing an additional 48,247 shares during the period. Finally, Nuveen LLC bought a new position in American Healthcare REIT during the first quarter worth $68,097,000. 16.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Truist Financial boosted their target price on shares of American Healthcare REIT from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. JMP Securities boosted their target price on shares of American Healthcare REIT from $40.00 to $45.00 and gave the company a "market outperform" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada boosted their target price on shares of American Healthcare REIT from $39.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. One 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 stock has an average rating of "Buy" and an average target price of $41.89.

Insider Buying and Selling

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 stock was 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 of the company's stock, valued at $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 is available through this link. 1.00% of the stock is currently owned by company insiders.

American Healthcare REIT Price Performance

AHR stock traded down $0.83 during midday trading on Tuesday, reaching $41.96. The company had a trading volume of 1,528,123 shares, compared to its average volume of 1,526,506. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of -190.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09. The stock has a 50 day moving average price of $38.98 and a 200-day moving average price of $34.23. American Healthcare REIT, Inc. has a 1-year low of $20.15 and a 1-year high of $43.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.42 EPS 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 the consensus estimate of $539.49 million. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.American Healthcare REIT's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is -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.