Avantax Advisory Services Inc. Purchases 6,621 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• Avantax Advisory Services Inc. increased its holdings in American Healthcare REIT, Inc. by 24% during Q1, acquiring an additional 6,621 shares to reach a total of 34,166 shares, valued at $1,035,000.
• American Healthcare REIT recently reported $0.38 earnings per share, exceeding analysts' expectations, while its revenue grew 8.2% year-over-year to $540.60 million.
• The company declared a quarterly dividend of $0.25 per share, representing an annualized yield of 2.6%, despite a negative payout ratio of -370.37%.

Avantax Advisory Services Inc. lifted its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,166 shares of the company's stock after buying an additional 6,621 shares during the quarter. Avantax Advisory Services Inc.'s holdings in American Healthcare REIT were worth $1,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AHR. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after buying an additional 417 shares during the last quarter. Benjamin Edwards Inc. raised its position in American Healthcare REIT by 3.4% in the fourth quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock valued at $396,000 after purchasing an additional 455 shares during the period. Xponance Inc. raised its position in American Healthcare REIT by 4.3% in the first quarter. Xponance Inc. now owns 11,489 shares of the company's stock valued at $348,000 after purchasing an additional 470 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 acquiring an additional 633 shares in the last quarter. Finally, Mutual Advisors LLC grew its stake in shares of American Healthcare REIT by 6.4% in the first quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock worth $330,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 16.68% of the company's stock.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction 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 transaction, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

AHR has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Scotiabank initiated coverage on shares of 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. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 target price for the company. KeyCorp boosted their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Finally, Truist Financial upped their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Ten 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, American Healthcare REIT presently has a consensus rating of "Buy" and a consensus price target of $38.11.

American Healthcare REIT Stock Down 0.6%

Shares of NYSE:AHR traded down $0.25 during midday trading on Wednesday, hitting $39.81. The stock had a trading volume of 609,232 shares, compared to its average volume of 1,631,218. American Healthcare REIT, Inc. has a 12 month low of $16.29 and a 12 month high of $40.56. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The company has a market cap of $6.35 billion, a P/E ratio of -147.62, a PEG ratio of 2.23 and a beta of 1.08. The business's 50-day simple moving average is $36.56 and its 200-day simple moving average is $32.45.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued 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 firm had revenue of $540.60 million during the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.5%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

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.