Commonwealth Equity Services LLC Has $38.77 Million Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

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 lessened its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 5.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,279,627 shares of the company's stock after selling 79,357 shares during the period. Commonwealth Equity Services LLC owned approximately 0.81% of American Healthcare REIT worth $38,773,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Stratos Wealth Partners LTD. increased its stake in American Healthcare REIT by 57.9% during the first quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock valued at $487,000 after acquiring an additional 5,891 shares during the period. GAMMA Investing LLC increased its stake in American Healthcare REIT by 42.2% during the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after acquiring an additional 417 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $332,000. Sequoia Financial Advisors LLC bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $476,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of 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 period. Institutional investors and hedge funds own 16.68% of the company's stock.

Insider Transactions at American Healthcare REIT

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the company'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 owned 95,671 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Price Performance

Shares of AHR traded up $0.66 on Friday, hitting $40.52. The company's stock had a trading volume of 1,697,790 shares, compared to its average volume of 1,127,625. The company has a market capitalization of $6.46 billion, a PE ratio of -184.19, a PEG ratio of 2.28 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. American Healthcare REIT, Inc. has a fifty-two week low of $16.41 and a fifty-two week high of $41.50. The company has a 50 day moving average price of $36.87 and a 200 day moving average price of $32.70.

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, topping 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 prior year, the business earned $0.33 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.5%. American Healthcare REIT's dividend payout ratio is currently -454.55%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AHR shares. Robert W. Baird started coverage on American Healthcare REIT in a research note on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective on the stock. Jefferies Financial Group started coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. Truist Financial upped their price objective on American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, June 9th. KeyCorp upped their price objective on 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, Morgan Stanley upped their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $38.11.

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.