American Healthcare REIT, Inc. $AHR Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in American Healthcare REIT by 4.2%, acquiring 89,926 additional shares during the first quarter, bringing its total holdings to 2,235,051 shares valued at approximately $67.7 million.
• Several hedge funds have also significantly increased their holdings in American Healthcare REIT, with Invesco Ltd. leading at a boost of 265.6% in its stake during the previous quarter.
• American Healthcare REIT recently announced a quarterly dividend of $0.25 per share, translating to an annual dividend yield of 2.5%, despite a negative payout ratio of -454.55%.

Charles Schwab Investment Management Inc. lifted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,235,051 shares of the company's stock after purchasing an additional 89,926 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.42% of American Healthcare REIT worth $67,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new stake in American Healthcare REIT during the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB increased its position in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after purchasing an additional 633 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in American Healthcare REIT in the first quarter valued at approximately $30,000. Avalon Trust Co acquired a new position in American Healthcare REIT during the first quarter valued at approximately $36,000. Finally, Continuum Advisory LLC acquired a new stake in shares of American Healthcare REIT in the first quarter worth $37,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AHR. Morgan Stanley upped their target price on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Royal Bank Of Canada set a $45.00 price target on American Healthcare REIT and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Jefferies Financial Group began coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective for the company. Scotiabank started coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective on the stock. Finally, Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $41.11.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT stock in a transaction that occurred 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 completion of the transaction, 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 legal filing with the SEC, which is available at this link. 0.92% of the stock is currently owned by insiders.

American Healthcare REIT Stock Down 0.8%

Shares of AHR stock traded down $0.32 during trading hours on Tuesday, hitting $40.56. 183,670 shares of the company were exchanged, compared to its average volume of 1,629,066. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of -184.68, a P/E/G 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. The business's 50-day simple moving average is $37.54 and its two-hundred day simple moving average is $33.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $542.50 million for 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 quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Sell-side analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently announced 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 payout ratio is presently -454.55%.

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.