Federated Hermes Inc. Has $20.11 Million Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• Federated Hermes Inc. increased its holdings in American Healthcare REIT by 3.0%, now owning approximately 0.42% of the company, valued at over $20 million.
• American Healthcare REIT reported earnings of $0.38 per share for the last quarter, beating expectations and showing an 8.2% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.25 per share, with a 2.6% dividend yield, despite a negative payout ratio of -370.37%.

Federated Hermes Inc. lifted its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 663,800 shares of the company's stock after acquiring an additional 19,070 shares during the quarter. Federated Hermes Inc. owned approximately 0.42% of American Healthcare REIT worth $20,113,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AHR. JPMorgan Chase & Co. lifted its position in shares of American Healthcare REIT by 45.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,336,225 shares of the company's stock valued at $37,976,000 after acquiring an additional 418,589 shares in the last quarter. Norges Bank purchased a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $19,339,000. Pictet Asset Management Holding SA lifted its position in shares of American Healthcare REIT by 39.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 46,479 shares of the company's stock valued at $1,321,000 after acquiring an additional 13,208 shares in the last quarter. Allstate Corp purchased a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $215,000. Finally, Franklin Resources Inc. lifted its position in shares of American Healthcare REIT by 7.6% in the 4th quarter. Franklin Resources Inc. now owns 179,809 shares of the company's stock valued at $5,110,000 after acquiring an additional 12,624 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

Insider Transactions at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.

American Healthcare REIT Stock Up 0.5%

Shares of American Healthcare REIT stock traded up $0.21 during midday trading on Tuesday, reaching $39.95. 831,214 shares of the company's stock traded hands, compared to its average volume of 1,633,175. The company has a market cap of $6.37 billion, a price-to-earnings ratio of -147.87, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The company's 50 day simple moving average is $36.35 and its 200 day simple moving average is $32.31. 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, Inc. has a 52 week low of $15.82 and a 52 week high of $40.03.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same period last year, the business posted $0.30 EPS. American Healthcare REIT's revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal 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 was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AHR. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Scotiabank initiated coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price for the company. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 target price for the company. Truist Financial increased their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, KeyCorp increased their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, American Healthcare REIT has a consensus 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.