Choreo LLC Makes New $354,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• Choreo LLC invested approximately $354,000 in American Healthcare REIT, acquiring 11,578 shares in the first quarter of 2024.
• American Healthcare REIT showed a 2.9% increase in stock price recently, with quarterly earnings exceeding consensus estimates.
• The company declared a quarterly dividend of $0.25 per share, representing a 2.62% dividend yield, despite a significantly negative payout ratio.

Choreo LLC purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,578 shares of the company's stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after acquiring an additional 417 shares in the last quarter. Benjamin Edwards Inc. grew its position in American Healthcare REIT by 3.4% in the 4th quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock valued at $396,000 after acquiring an additional 455 shares in the last quarter. Xponance Inc. grew its position in American Healthcare REIT by 4.3% in the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock valued at $348,000 after acquiring an additional 470 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after acquiring an additional 633 shares in the last quarter. Finally, Mutual Advisors LLC grew its position in American Healthcare REIT by 6.4% in the 1st quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock valued at $330,000 after acquiring an additional 640 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

AHR stock traded up $0.26 during midday trading on Friday, hitting $38.90. 1,291,974 shares of the stock were exchanged, compared to its average volume of 1,000,340. The stock's 50-day moving average price is $36.35 and its 200-day moving average price is $32.29. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of -144.07, a PEG ratio of 2.18 and a beta of 1.08. American Healthcare REIT, Inc. has a fifty-two week low of $14.79 and a fifty-two week high of $39.30. 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 issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. Research analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.6%. American Healthcare REIT's payout ratio is presently -370.37%.

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 dated 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 of the company's stock, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. 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.

Wall Street Analysts Forecast Growth

AHR has been the subject of several research reports. Truist Financial lifted their target price on American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, June 9th. KeyCorp upped their price objective 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. Scotiabank assumed coverage on American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 target price on the stock. Baird R W upgraded American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group began coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, American Healthcare REIT 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.