Invesco Ltd. Acquires 4,716,792 Shares of American Healthcare REIT, Inc. $AHR

Key Points

• Invesco Ltd. significantly increased its stake in American Healthcare REIT, boosting its shareholding by 1,543.1% to over 5 million shares valued at approximately $152.18 million.
• Multiple institutional investors have also made moves in the company, with a combined ownership of 16.68% of American Healthcare REIT's shares.
• American Healthcare REIT reported an earnings per share of $0.42 for the last quarter, exceeding consensus estimates and showing a 7.5% year-over-year revenue increase.

Invesco Ltd. lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 1,543.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,022,455 shares of the company's stock after acquiring an additional 4,716,792 shares during the quarter. Invesco Ltd. owned 3.19% of American Healthcare REIT worth $152,180,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AHR. Vanguard Group Inc. raised its position in American Healthcare REIT by 22.4% in the first quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company's stock valued at $569,494,000 after purchasing an additional 3,437,861 shares during the period. Principal Financial Group Inc. boosted its stake in American Healthcare REIT by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock valued at $374,923,000 after purchasing an additional 134,822 shares in the last quarter. Deutsche Bank AG lifted its position in shares of American Healthcare REIT by 2.3% during the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock valued at $122,513,000 after acquiring an additional 94,925 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of American Healthcare REIT by 4.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company's stock valued at $67,722,000 after acquiring an additional 89,926 shares during the last quarter. Finally, GRS Advisors LLC raised its stake in American Healthcare REIT by 1.7% during the 4th quarter. GRS Advisors LLC now owns 1,744,252 shares of the company's stock valued at $49,572,000 after purchasing an additional 28,963 shares during the period. Hedge funds and other institutional investors own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AHR shares. Royal Bank Of Canada set a $45.00 target price on shares of American Healthcare REIT and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. JMP Securities boosted their price objective on shares of American Healthcare REIT from $40.00 to $45.00 and gave the stock a "market outperform" rating in a research report on Monday, August 11th. Robert W. Baird began coverage on American Healthcare REIT in a research report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price target on the stock. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. Finally, Scotiabank began coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $41.11.

American Healthcare REIT Stock Down 0.6%

AHR traded down $0.2610 during midday trading on Tuesday, reaching $40.6190. 294,740 shares of the company were exchanged, compared to its average volume of 1,629,986. 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's fifty day moving average price is $37.54 and its 200 day moving average price is $33.22. The company has a market cap of $6.85 billion, a price-to-earnings ratio of -184.32, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. American Healthcare REIT, Inc. has a one year low of $19.26 and a one year high of $41.50.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.American Healthcare REIT's revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. As a group, analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were given 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 2.5%. American Healthcare REIT's dividend payout ratio is currently -454.55%.

Insider Activity

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the 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 sale, 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 the SEC website. Company insiders own 0.92% 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.