Rhumbline Advisers Cuts Stock Position in American Healthcare REIT, Inc. $AHR

Key Points

• Rhumbline Advisers reduced its stake in American Healthcare REIT, Inc. by 2.5% in the first quarter, now owning approximately 0.16% of the company valued at $7,574,000.
• Several major institutional investors, including Ameriprise Financial and BNP Paribas, significantly increased their investments in AHR during the fourth quarter, indicating growing confidence in the company.
• American Healthcare REIT recently reported a strong quarterly earnings performance with an EPS of $0.42, exceeding analysts' expectations and demonstrating a 7.5% year-over-year revenue increase.

Rhumbline Advisers trimmed its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,975 shares of the company's stock after selling 6,318 shares during the quarter. Rhumbline Advisers owned about 0.16% of American Healthcare REIT worth $7,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after acquiring an additional 417 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in American Healthcare REIT by 3.2% in the 1st quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company's stock worth $435,000 after acquiring an additional 444 shares in the last quarter. Xponance Inc. increased its holdings in American Healthcare REIT by 4.3% in the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after acquiring an additional 470 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in American Healthcare REIT by 2.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 22,663 shares of the company's stock worth $687,000 after acquiring an additional 543 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after acquiring an additional 633 shares in the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird started coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They issued an "outperform" rating and a $41.00 target price for the company. KeyCorp increased their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Scotiabank reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Thursday, August 28th. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Finally, Royal Bank Of Canada increased their price objective on shares of American Healthcare REIT from $39.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $41.89.

American Healthcare REIT Trading Up 0.1%

Shares of NYSE:AHR traded up $0.06 on Wednesday, hitting $42.35. 423,096 shares of the company's stock were exchanged, compared to its average volume of 1,617,271. American Healthcare REIT, Inc. has a 12 month low of $23.66 and a 12 month high of $43.52. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of -192.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09. The business's 50 day simple moving average is $40.22 and its two-hundred day simple moving average is $35.22. 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 earnings results on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.The business had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. During the same period last year, the company earned $0.33 earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

Insider Buying and Selling at American Healthcare REIT

In other news, 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 transaction of $139,346.00. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 owned 59,100 shares in the company, valued at approximately $2,475,699. This represents a 6.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.