Deutsche Bank AG Trims Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• Deutsche Bank AG reduced its stake in American Healthcare REIT by 16.4%, now holding approximately $109.15 million worth of the company's stock.
• The company reported a 7.5% increase in revenue year-over-year, with quarterly earnings per share of $0.42, surpassing analysts' expectations of $0.40.
• A quarterly dividend of $0.25 per share was recently paid, resulting in an annualized yield of 2.5% despite a negative payout ratio of -370.37%.

Deutsche Bank AG lowered its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 16.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,602,288 shares of the company's stock after selling 708,500 shares during the period. Deutsche Bank AG owned 2.29% of American Healthcare REIT worth $109,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 417 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of American Healthcare REIT by 3.4% in the 4th quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock worth $396,000 after buying an additional 455 shares during the last quarter. Xponance Inc. boosted its stake in shares of American Healthcare REIT by 4.3% in the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after buying an additional 470 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in American Healthcare REIT by 189.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in American Healthcare REIT by 6.4% in the first quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock valued at $330,000 after purchasing an additional 640 shares during the last quarter. Institutional investors own 16.68% of the company's stock.

Insider Activity

In related 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 completion of the sale, the executive owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Price Performance

Shares of NYSE AHR traded down $0.22 during mid-day trading on Thursday, hitting $40.43. 1,732,470 shares of the company's stock traded hands, compared to its average volume of 1,640,321. The company's 50-day moving average is $37.22 and its two-hundred day moving average is $32.91. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.38. The company has a market capitalization of $6.45 billion, a P/E ratio of -183.77, a PEG ratio of 2.25 and a beta of 1.08. American Healthcare REIT, Inc. has a 1 year low of $18.01 and a 1 year high of $41.50.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results 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. The firm had revenue of $542.50 million for the quarter, compared to analysts' expectations of $539.49 million. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The business's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. On average, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

Analyst Ratings Changes

AHR has been the topic of several recent research reports. KeyCorp increased their target price 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. Morgan Stanley increased their target price 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. Royal Bank Of Canada set a $45.00 target price on American Healthcare REIT and gave the company an "outperform" rating in a research note on Wednesday. Robert W. Baird began coverage on American Healthcare REIT in a research note on Friday, July 18th. They set an "outperform" rating and a $41.00 price objective on the stock. Finally, Scotiabank began coverage on 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. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $40.44.

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.