Envestnet Asset Management Inc. Lowers Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Envestnet Asset Management Inc. lowered its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 302,843 shares of the company's stock after selling 17,336 shares during the quarter. Envestnet Asset Management Inc. owned about 0.19% of American Healthcare REIT worth $9,176,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AHR. Vanguard Group Inc. increased its stake in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after acquiring an additional 7,474,374 shares during the period. Geode Capital Management LLC raised its holdings in American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after buying an additional 1,172,670 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of American Healthcare REIT by 99.0% during the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after purchasing an additional 861,882 shares during the period. Norges Bank bought a new stake in shares of American Healthcare REIT in the 4th quarter valued at about $19,339,000. Finally, Waterfront Capital Partners LLC acquired a new position in shares of American Healthcare REIT in the fourth quarter worth approximately $15,066,000. Institutional investors own 16.68% of the company's stock.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive 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 filing with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AHR shares. Robert W. Baird assumed coverage on American Healthcare REIT in a research note on Friday, July 18th. They set an "outperform" rating and a $41.00 target price for the company. Scotiabank began coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 target price for the company. Baird R W upgraded American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Finally, 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. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $38.11.

American Healthcare REIT Stock Up 0.0%

American Healthcare REIT stock traded up $0.00 during trading hours on Thursday, hitting $38.10. The stock had a trading volume of 340,453 shares, compared to its average volume of 1,658,870. The stock's 50-day moving average price is $35.90 and its 200-day moving average price is $31.76. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a 12-month low of $14.79 and a 12-month high of $38.47. The stock has a market capitalization of $6.08 billion, a P/E ratio of -141.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. American Healthcare REIT's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were given 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 2.62%. American Healthcare REIT's dividend payout ratio is currently -370.37%.

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.