Gallacher Capital Management LLC Invests $639,000 in American Healthcare REIT, Inc. $AHR

Key Points

• Gallacher Capital Management LLC acquired 17,405 shares of American Healthcare REIT, valued at approximately $639,000, during the second quarter.
• Key institutional investors, including Invesco Ltd. and Alliancebernstein L.P., significantly increased their stakes in American Healthcare REIT, boosting their holdings by over 1,500% and 350%, respectively.
• Analysts have a consensus rating of "Buy" on AHR, with an average price target of $41.89 after several upgrades from firms like Robert W. Baird and JMP Securities.

Gallacher Capital Management LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,405 shares of the company's stock, valued at approximately $639,000.

Other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB raised its stake in American Healthcare REIT by 189.0% in the 1st 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. Spirit of America Management Corp NY acquired a new position in American Healthcare REIT in the 1st quarter valued at $30,000. Avalon Trust Co acquired a new position in American Healthcare REIT in the 1st quarter valued at $36,000. Finally, Continuum Advisory LLC acquired a new position in American Healthcare REIT in the 1st quarter valued at $37,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated 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 directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark E. Foster sold 3,850 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total value of $161,276.50. Following the completion of the sale, the executive vice president owned 59,100 shares of the company's stock, valued at approximately $2,475,699. This trade represents a 6.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Stock Down 0.4%

Shares of AHR traded down $0.18 during midday trading on Friday, hitting $42.46. The company had a trading volume of 657,632 shares, compared to its average volume of 1,616,515. The company's 50-day simple moving average is $40.47 and its 200-day simple moving average is $35.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market capitalization of $7.16 billion, a P/E ratio of -192.73, a P/E/G ratio of 2.16 and a beta of 1.09. American Healthcare REIT, Inc. has a 1 year low of $23.66 and a 1 year high of $43.52.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $542.50 million during the quarter, compared to analysts' expectations of $539.49 million. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. As a group, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 30th. American Healthcare REIT's dividend payout ratio is currently -454.55%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AHR. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. Morgan Stanley reissued an "overweight" rating on shares of American Healthcare REIT in a research note on Wednesday, September 3rd. UBS Group initiated coverage on American Healthcare REIT in a research note on Friday. They issued a "buy" rating and a $51.00 target price for the company. Truist Financial raised their target price on American Healthcare REIT from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, Robert W. Baird initiated coverage on American Healthcare REIT in a research note on Friday, July 18th. They issued an "outperform" rating and a $41.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $42.80.

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.