American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services LLC reduced its holdings in American Healthcare REIT by 5.8%, owning approximately $38.77 million worth of stock after selling 79,357 shares in the 1st quarter.
• American Healthcare REIT's stock has received multiple upgrades from analysts, with a current average rating of "Buy" and a price target range between $38.11 and $45.00.
• The company announced a $0.25 quarterly dividend, reflecting an annualized yield of 2.5%, although its dividend payout ratio is negative at -370.37%.

Commonwealth Equity Services LLC reduced its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,279,627 shares of the company's stock after selling 79,357 shares during the quarter. Commonwealth Equity Services LLC owned 0.81% of American Healthcare REIT worth $38,773,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. increased its stake in shares of American Healthcare REIT by 57.9% during the first quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock worth $487,000 after purchasing an additional 5,891 shares in the last quarter. 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. Kingswood Wealth Advisors LLC purchased a new stake in American Healthcare REIT during the 1st quarter worth approximately $332,000. Sequoia Financial Advisors LLC purchased a new stake in shares of American Healthcare REIT during the first quarter worth approximately $476,000. Finally, Janney Montgomery Scott LLC raised its stake in American Healthcare REIT by 25.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company's stock valued at $530,000 after purchasing an additional 3,578 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AHR. KeyCorp upped their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Jefferies Financial Group began coverage on American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Morgan Stanley lifted their target price 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. Finally, Robert W. Baird initiated coverage on shares of American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, American Healthcare REIT presently has a consensus rating of "Buy" and an average target price of $38.11.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction that occurred 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 sale, the executive directly owned 95,671 shares in the company, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by insiders.

American Healthcare REIT Trading Up 1.7%

NYSE AHR traded up $0.66 on Friday, reaching $40.52. The stock had a trading volume of 1,697,790 shares, compared to its average volume of 1,127,625. 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 stock has a fifty day moving average price of $36.87 and a two-hundred day moving average price of $32.67. American Healthcare REIT, Inc. has a 12-month low of $16.41 and a 12-month high of $41.50. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 2.24 and a beta of 1.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. American Healthcare REIT had a negative return on equity of 1.46% and a negative net margin of 1.56%. The firm had revenue of $542.50 million for the quarter, compared to the consensus estimate of $539.49 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Investors of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio is presently -370.37%.

About American Healthcare REIT

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.