Intech Investment Management LLC Grows Stake in American Healthcare REIT, Inc. $AHR

Key Points

• Intech Investment Management LLC increased its holdings in American Healthcare REIT by 110.2% during Q1, owning 90,725 shares valued at approximately $2.75 million by the quarter's end.
• Several institutional investors significantly boosted their stakes in American Healthcare REIT, with Invesco Ltd. raising holdings by 1,543.1% and Vanguard Group increasing theirs by 22.4% in the same period.
• American Healthcare REIT reported $542.50 million in revenue for the last quarter, exceeding analyst expectations, alongside an earnings per share (EPS) of $0.42, up from $0.33 a year earlier.

Intech Investment Management LLC lifted its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 110.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,725 shares of the company's stock after acquiring an additional 47,570 shares during the period. Intech Investment Management LLC owned 0.06% of American Healthcare REIT worth $2,749,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of American Healthcare REIT by 22.4% in the 1st quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company's stock worth $569,494,000 after acquiring an additional 3,437,861 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of American Healthcare REIT by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock worth $374,923,000 after acquiring an additional 134,822 shares in the last quarter. Invesco Ltd. raised its position in shares of American Healthcare REIT by 1,543.1% in the 1st quarter. Invesco Ltd. now owns 5,022,455 shares of the company's stock worth $152,180,000 after acquiring an additional 4,716,792 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of American Healthcare REIT by 350.7% in the 1st quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company's stock worth $138,149,000 after acquiring an additional 3,547,635 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $68,097,000. Institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AHR. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Truist Financial raised their price objective on American Healthcare REIT from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Morgan Stanley reaffirmed an "overweight" rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. Robert W. Baird began coverage on American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 price objective for the company. Finally, Royal Bank Of Canada raised their price objective on 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 research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $42.80.

Insiders Place Their Bets

In other news, EVP Mark E. Foster sold 3,850 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was 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 $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 at this link. Also, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.92% of the company's stock.

American Healthcare REIT Stock Down 1.0%

Shares of American Healthcare REIT stock traded down $0.42 on Friday, reaching $42.22. The company's stock had a trading volume of 4,056,652 shares, compared to its average volume of 1,366,645. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of -191.91, a P/E/G ratio of 2.19 and a beta of 1.09. The firm's fifty day simple moving average is $40.58 and its two-hundred day simple moving average is $35.43. American Healthcare REIT, Inc. has a 52 week low of $23.66 and a 52 week high of $43.52. 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 posted its earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping 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 return on equity of 1.43% and a negative net margin of 1.56%.The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend 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 presently -454.55%.

American Healthcare REIT 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.