Gamco Investors INC. ET AL Sells 20,500 Shares of American Healthcare REIT, Inc. $AHR

Key Points

• Gamco Investors INC. ET AL reduced its stake in American Healthcare REIT by 50.6%, selling 20,500 shares during the 1st quarter, leaving them with 20,000 shares valued at approximately $606,000.
• Multiple investment firms have upgraded their price targets for American Healthcare REIT, with Morgan Stanley raising its target from $37.00 to $45.00 and JMP Securities also increasing theirs to $45.00, indicating strong market confidence.
• American Healthcare REIT declared a quarterly dividend of $0.25 per share, which translates to an annual yield of 2.3%, despite a notably negative dividend payout ratio of -454.55%.

Gamco Investors INC. ET AL trimmed its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 50.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the company's stock after selling 20,500 shares during the period. Gamco Investors INC. ET AL's holdings in American Healthcare REIT were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of American Healthcare REIT by 1,543.1% in the first quarter. Invesco Ltd. now owns 5,022,455 shares of the company's stock worth $152,180,000 after buying an additional 4,716,792 shares in the last quarter. Vanguard Group Inc. raised its position in American Healthcare REIT by 22.4% during the first quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company's stock valued at $569,494,000 after purchasing an additional 3,437,861 shares in the last quarter. Nuveen LLC purchased a new position in shares of American Healthcare REIT in the first quarter worth about $68,097,000. Northern Trust Corp increased its holdings in shares of American Healthcare REIT by 99.0% in the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after buying an additional 861,882 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of American Healthcare REIT in the first quarter worth about $13,384,000. 16.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating on shares of American Healthcare REIT in a research note on Wednesday. Scotiabank reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. Truist Financial boosted their price target on American Healthcare REIT from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat, American Healthcare REIT has an average rating of "Buy" and an average price target of $41.89.

Insider Buying and Selling

In related news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock traded up $0.69 during trading on Thursday, reaching $42.68. 1,521,928 shares of the stock traded hands, compared to its average volume of 1,538,714. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of -194.02, a P/E/G ratio of 2.16 and a beta of 1.09. The business has a fifty day simple moving average of $39.23 and a two-hundred day simple moving average of $34.39. 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 52-week low of $21.87 and a 52-week high of $43.14.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $542.50 million during the quarter, compared to analyst estimates 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 business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. 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 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 was Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.3%. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

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.