Gallacher Capital Management LLC Acquires Shares of 17,405 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 acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,405 shares of the company's stock, valued at approximately $639,000.

A number of other large investors have also added to or reduced their stakes in AHR. Invesco Ltd. raised its stake in American Healthcare REIT by 1,543.1% during the first quarter. Invesco Ltd. now owns 5,022,455 shares of the company's stock valued at $152,180,000 after buying an additional 4,716,792 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of American Healthcare REIT by 350.7% in the first quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company's stock worth $138,149,000 after purchasing an additional 3,547,635 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of American Healthcare REIT by 22.4% in the first quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company's stock worth $569,494,000 after purchasing an additional 3,437,861 shares during the last quarter. Nuveen LLC purchased a new position in shares of American Healthcare REIT in the first quarter worth $68,097,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of American Healthcare REIT in the first quarter worth $13,384,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analysts Set New Price Targets

AHR has been the subject of several recent analyst reports. 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 price target for the company. Baird R W upgraded American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. JMP Securities boosted their price target on American Healthcare REIT from $40.00 to $45.00 and gave the stock a "market outperform" rating in a research note on Monday, August 11th. Scotiabank restated an "outperform" rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. Finally, Truist Financial lifted their price objective on American Healthcare REIT from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $41.89.

American Healthcare REIT Stock Performance

Shares of AHR opened at $42.66 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48. American Healthcare REIT, Inc. has a one year low of $23.66 and a one year high of $43.52. The firm has a market capitalization of $7.19 billion, a P/E ratio of -193.89, a PEG ratio of 2.19 and a beta of 1.09. The business has a fifty day moving average of $39.97 and a 200 day moving average of $35.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly 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. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.The business had revenue of $542.50 million during the quarter, compared to analyst estimates of $539.49 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. American Healthcare REIT's revenue for the quarter was up 7.5% on a year-over-year basis. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently declared 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. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is currently -454.55%.

Insider Activity

In other American Healthcare REIT news, EVP Mark E. Foster sold 3,850 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total transaction 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. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the sale, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

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.

Want to see what other hedge funds are holding AHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Healthcare REIT, Inc. (NYSE:AHR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.