Arkadios Wealth Advisors Trims Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• Arkadios Wealth Advisors has reduced its stake in American Healthcare REIT by 19.7%, owning 36,476 shares worth approximately $1.11 million after selling 8,975 shares.
• JPMorgan Chase & Co. significantly increased its holdings in American Healthcare REIT by 45.6%, now owning over 1.33 million shares valued at about $38 million.
• Several analysts have issued positive ratings for American Healthcare REIT, with Morgan Stanley raising the price target to $45, indicating strong market confidence.

Arkadios Wealth Advisors lowered its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 19.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,476 shares of the company's stock after selling 8,975 shares during the period. Arkadios Wealth Advisors' holdings in American Healthcare REIT were worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of American Healthcare REIT by 3.0% during the first quarter. Federated Hermes Inc. now owns 663,800 shares of the company's stock worth $20,113,000 after acquiring an additional 19,070 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of American Healthcare REIT during the first quarter worth about $97,000. Sheaff Brock Investment Advisors LLC grew its position in American Healthcare REIT by 7.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 23,984 shares of the company's stock valued at $727,000 after buying an additional 1,706 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in American Healthcare REIT by 2.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 104,195 shares of the company's stock valued at $3,157,000 after buying an additional 2,600 shares in the last quarter. Finally, Assetmark Inc. grew its position in American Healthcare REIT by 166.8% in the 1st quarter. Assetmark Inc. now owns 6,978 shares of the company's stock valued at $211,000 after buying an additional 4,363 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. KeyCorp upped their price target 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. Truist Financial lifted their price objective on American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 9th. Robert W. Baird initiated coverage on American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 target price for the company. Scotiabank started coverage on American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price on the stock. Finally, Jefferies Financial Group started coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. Ten investment 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, the stock has a consensus rating of "Buy" and a consensus price target of $38.11.

Insider Activity

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the business's 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 directly owned 95,671 shares in the company, 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 filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

American Healthcare REIT Trading Up 2.1%

American Healthcare REIT stock traded up $0.83 during trading hours on Monday, hitting $39.72. The stock had a trading volume of 1,619,200 shares, compared to its average volume of 1,064,939. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of -147.10, a P/E/G ratio of 2.18 and a beta of 1.08. The business's 50 day simple moving average is $36.35 and its 200-day simple moving average is $32.31. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a one year low of $14.79 and a one year high of $39.89.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a $0.25 dividend. 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 payout ratio is presently -370.37%.

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.