Centersquare Investment Management LLC Sells 260,092 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• Centersquare Investment Management LLC has reduced its stake in American Healthcare REIT by 6.8%, holding approximately 3.54 million shares valued at around $107.24 million.
• American Healthcare REIT reported a quarterly earnings per share of $0.38, slightly beating analysts' expectations, while revenues increased by 8.2% year-over-year.
• The company announced a quarterly dividend of $0.25, representing an annualized yield of 2.5%, yet has a negative dividend payout ratio of -370.37%.

Centersquare Investment Management LLC trimmed its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,539,273 shares of the company's stock after selling 260,092 shares during the period. Centersquare Investment Management LLC owned about 2.25% of American Healthcare REIT worth $107,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in American Healthcare REIT in the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its stake in American Healthcare REIT by 189.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after buying an additional 633 shares in the last quarter. Spirit of America Management Corp NY purchased a new stake in American Healthcare REIT in the first quarter worth about $30,000. Avalon Trust Co purchased a new stake in American Healthcare REIT in the first quarter worth about $36,000. Finally, Continuum Advisory LLC purchased a new stake in American Healthcare REIT in the first quarter worth about $37,000. 16.68% of the stock is owned by institutional investors.

Insider Transactions at American Healthcare REIT

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the sale, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock traded up $0.66 on Friday, hitting $40.52. 1,697,790 shares of the company's stock were exchanged, compared to its average volume of 1,127,625. The company has a 50-day simple moving average of $36.87 and a 200-day simple moving average of $32.70. The stock has a market capitalization of $6.46 billion, a PE ratio of -184.19, a PEG ratio of 2.28 and a beta of 1.08. American Healthcare REIT, Inc. has a 1 year low of $16.41 and a 1 year high of $41.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $542.50 million for the quarter, compared to the consensus estimate of $539.49 million. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.46%. The company's revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 30th. American Healthcare REIT's payout ratio is currently -454.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price target for the company. Morgan Stanley raised their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. Truist Financial raised their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Finally, Robert W. Baird assumed coverage on shares of American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 price target for the company. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $38.11.

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.