Peak Financial Advisors LLC Reduces Stock Position in American Healthcare REIT, Inc. $AHR

Key Points

• Peak Financial Advisors LLC reduced its holdings in American Healthcare REIT by 48.1% in the second quarter, owning 13,039 shares worth $479,000 after selling 12,074 shares.
• Analysts are optimistic, with a consensus rating of “Buy” and a price target of $41.89 for American Healthcare REIT, following multiple upgrades from various firms.
• American Healthcare REIT declared a quarterly dividend of $0.25, representing a 2.3% yield, despite having a negative payout ratio of -454.55%.

Peak Financial Advisors LLC reduced its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 48.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,039 shares of the company's stock after selling 12,074 shares during the period. Peak Financial Advisors LLC's holdings in American Healthcare REIT were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AHR. Wolff Wiese Magana LLC purchased a new stake in American Healthcare REIT during the first quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB raised its position in American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares during the period. Spirit of America Management Corp NY purchased a new stake in American Healthcare REIT during the first quarter valued at approximately $30,000. Avalon Trust Co purchased a new stake in American Healthcare REIT during the first quarter valued at approximately $36,000. Finally, Continuum Advisory LLC purchased a new stake in shares of American Healthcare REIT in the first quarter worth approximately $37,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction that occurred 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark E. Foster sold 3,850 shares of the company'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 sale, the executive vice president directly owned 59,100 shares in the company, valued at $2,475,699. This represents a 6.12% decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

American Healthcare REIT Trading Down 0.9%

AHR traded down $0.38 during trading hours on Friday, reaching $42.26. The company's stock had a trading volume of 772,881 shares, compared to its average volume of 1,617,099. American Healthcare REIT, Inc. has a fifty-two week low of $23.66 and a fifty-two week high of $43.52. The stock has a market cap of $7.12 billion, a PE ratio of -192.23, a P/E/G ratio of 2.16 and a beta of 1.09. The business's 50-day moving average is $40.47 and its 200-day moving average is $35.35. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $542.50 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given 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 yield of 2.4%. American Healthcare REIT's payout ratio is presently -454.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Baird R W upgraded American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Scotiabank reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Thursday, August 28th. JMP Securities increased their price objective on American Healthcare REIT from $40.00 to $45.00 and gave the stock a "market outperform" rating in a research note on Monday, August 11th. Royal Bank Of Canada increased their price objective on American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Finally, UBS Group started coverage on American Healthcare REIT in a research note on Friday. They issued a "buy" rating and a $51.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $42.80.

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.