American Healthcare REIT, Inc. $AHR Position Trimmed by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management LLC decreased its stake in American Healthcare REIT, Inc. by 34.0%, now owning 21,480 shares valued at approximately $789,000.
• The company reported $0.42 earnings per share for the last quarter, surpassing analysts' expectations of $0.40, and experienced a year-over-year revenue increase of 7.5%.
• American Healthcare REIT declared a quarterly dividend of $0.25 per share, which will be paid on October 17th, leading to an annualized dividend yield of 2.4%.

Perigon Wealth Management LLC lessened its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 34.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,480 shares of the company's stock after selling 11,083 shares during the quarter. Perigon Wealth Management LLC's holdings in American Healthcare REIT were worth $789,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AHR. Two Sigma Advisers LP lifted its position in shares of American Healthcare REIT by 39.4% in the 4th quarter. Two Sigma Advisers LP now owns 13,100 shares of the company's stock valued at $372,000 after acquiring an additional 3,700 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $336,000. Centaurus Financial Inc. purchased a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $133,000. California State Teachers Retirement System lifted its position in shares of American Healthcare REIT by 3.0% in the 4th quarter. California State Teachers Retirement System now owns 141,984 shares of the company's stock valued at $4,035,000 after acquiring an additional 4,086 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after acquiring an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

Insider Transactions at American Healthcare REIT

In related news, EVP Mark E. Foster sold 3,850 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total value of $161,276.50. Following the transaction, the executive vice president directly 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 available through this link. Insiders own 1.00% of the company's stock.

American Healthcare REIT Stock Up 1.0%

American Healthcare REIT stock opened at $42.15 on Monday. The company has a market capitalization of $7.10 billion, a P/E ratio of -191.57, a P/E/G ratio of 2.18 and a beta of 1.09. The firm's fifty day simple moving average is $41.06 and its 200-day simple moving average is $35.98. 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 1-year low of $23.66 and a 1-year high of $43.52.

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, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $542.50 million for the quarter, compared to the consensus estimate 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 for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AHR shares. Royal Bank Of Canada upped their price target 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. KeyCorp increased their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $44.11.

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.

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