Arkadios Wealth Advisors Has $1.11 Million Stock Position 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 lessened its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 19.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,476 shares of the company's stock after selling 8,975 shares during the quarter. Arkadios Wealth Advisors' holdings in American Healthcare REIT were worth $1,105,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AHR. Geode Capital Management LLC boosted its stake in shares of American Healthcare REIT by 46.4% during the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after buying an additional 1,172,670 shares during the last quarter. Northern Trust Corp lifted its stake in American Healthcare REIT by 99.0% during the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after purchasing an additional 861,882 shares during the last quarter. Norges Bank bought a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $19,339,000. Waterfront Capital Partners LLC bought a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $15,066,000. Finally, Adage Capital Partners GP L.L.C. lifted its stake in American Healthcare REIT by 115.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 925,000 shares of the company's stock valued at $26,288,000 after buying an additional 495,000 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.92% of the company's stock.

American Healthcare REIT Stock Up 1.1%

Shares of NYSE:AHR traded up $0.43 during trading on Thursday, hitting $40.08. 853,842 shares of the company's stock traded hands, compared to its average volume of 1,631,321. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a 52 week low of $16.34 and a 52 week high of $40.56. The company has a 50-day moving average price of $36.66 and a 200-day moving average price of $32.50. The company has a market cap of $6.39 billion, a price-to-earnings ratio of -147.99, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08.

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

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a dividend of $0.25 per share. 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 presently -370.37%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AHR. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 target price on the stock. Morgan Stanley increased their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. KeyCorp upped their target price on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, Robert W. Baird initiated coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price target for the company. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, American Healthcare REIT presently has a consensus rating of "Buy" and an average target price 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.