HMS Capital Management LLC Takes Position in American Healthcare REIT, Inc. $AHR

Key Points

• HMS Capital Management LLC has made a new investment in American Healthcare REIT, Inc., acquiring 11,713 shares valued at approximately $430,000.
• American Healthcare REIT recently reported a Q2 2023 EPS of $0.42, exceeding expectations, with revenues of $542.5 million for the quarter.
• The firm announced a quarterly dividend of $0.25, which results in an annualized yield of 2.3% despite a negative payout ratio.

HMS Capital Management LLC acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,713 shares of the company's stock, valued at approximately $430,000.

A number of other hedge funds have also added to or reduced their stakes in AHR. Invesco Ltd. lifted its position in American Healthcare REIT by 1,543.1% during the 1st 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. Alliancebernstein L.P. raised its holdings in American Healthcare REIT by 350.7% during the first quarter. Alliancebernstein L.P. now owns 4,559,365 shares of the company's stock worth $138,149,000 after acquiring an additional 3,547,635 shares in the last quarter. Vanguard Group Inc. boosted 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 during the last quarter. Nuveen LLC acquired a new position in American Healthcare REIT during the first quarter valued at approximately $68,097,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $13,384,000. Institutional investors own 16.68% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark E. Foster sold 3,850 shares of the stock in a transaction on Wednesday, September 3rd. The stock was 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 directly owned 59,100 shares in the company, valued at $2,475,699. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the executive directly 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 disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

American Healthcare REIT Price Performance

Shares of AHR traded down $0.38 during midday trading on Friday, hitting $42.26. The company's stock had a trading volume of 772,881 shares, compared to its average volume of 1,617,099. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. American Healthcare REIT, Inc. has a one year low of $23.66 and a one year high of $43.52. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of -192.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.09. The company's fifty day simple moving average is $40.47 and its two-hundred day simple moving average is $35.35.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 1.56% and a negative return on equity of 1.43%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior 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, equities analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. UBS Group initiated coverage on shares of American Healthcare REIT in a research report on Friday. They issued a "buy" rating and a $51.00 price objective for the company. JMP Securities upped their target price on shares of American Healthcare REIT from $40.00 to $45.00 and gave the company a "market outperform" rating in a report on Monday, August 11th. Morgan Stanley reiterated an "overweight" rating on shares of American Healthcare REIT in a report on Wednesday, September 3rd. Finally, Scotiabank reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $42.80.

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.