American Healthcare REIT, Inc. $AHR Stake Lessened by Rhumbline Advisers

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

Several other institutional investors and hedge funds have also made changes to their positions in AHR. Ameriprise Financial Inc. boosted its holdings in shares of American Healthcare REIT by 26.9% in the fourth quarter. Ameriprise Financial Inc. now owns 95,974 shares of the company's stock valued at $2,728,000 after acquiring an additional 20,366 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of American Healthcare REIT by 480.5% in the fourth quarter. BNP Paribas Financial Markets now owns 98,883 shares of the company's stock valued at $2,810,000 after acquiring an additional 81,848 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of American Healthcare REIT by 11.7% in the fourth quarter. Bank of America Corp DE now owns 1,078,050 shares of the company's stock valued at $30,638,000 after acquiring an additional 113,006 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of American Healthcare REIT in the fourth quarter valued at approximately $206,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of American Healthcare REIT by 36.6% in the fourth quarter. Janus Henderson Group PLC now owns 128,545 shares of the company's stock valued at $3,653,000 after acquiring an additional 34,433 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark E. Foster sold 3,850 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 59,100 shares of the company's stock, valued at approximately $2,475,699. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CIO Stefan K.L. Oh sold 3,860 shares of the firm'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 transaction of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.92% of the company's stock.

American Healthcare REIT Trading Down 1.1%

Shares of NYSE:AHR opened at $42.70 on Friday. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of -194.09, a PEG ratio of 2.22 and a beta of 1.09. American Healthcare REIT, Inc. has a 1-year low of $22.64 and a 1-year high of $43.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48. The company has a 50 day moving average price of $39.86 and a 200 day moving average price of $34.91.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The firm had revenue of $542.50 million during the quarter, compared to analyst estimates of $539.49 million. During the same quarter last year, the business posted $0.33 EPS. The company's revenue was up 7.5% on a year-over-year basis. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AHR. Robert W. Baird began coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective for the company. Morgan Stanley reiterated an "overweight" rating on shares of American Healthcare REIT in a report on Wednesday, September 3rd. KeyCorp raised their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Royal Bank Of Canada raised their target price on shares of American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $41.89.

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.

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