Hsbc Holdings PLC Increases Stock Position in American Healthcare REIT, Inc. $AHR

Key Points

• Hsbc Holdings PLC increased its stake in American Healthcare REIT by 14.3% during the first quarter, now owning approximately 0.09% of the company valued at $4.34 million.
• American Healthcare REIT recently reported $0.42 EPS for the quarter, exceeding analysts' expectations, with a revenue of $542.50 million, up 7.5% year-over-year.
• The company declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 2.4%.

Hsbc Holdings PLC raised its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,175 shares of the company's stock after acquiring an additional 17,931 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of American Healthcare REIT worth $4,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in AHR. Wolff Wiese Magana LLC purchased a new stake in shares of American Healthcare REIT during the 1st quarter valued at $25,000. MassMutual Private Wealth & Trust FSB grew its stake in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after buying an additional 633 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in American Healthcare REIT during the 1st quarter valued at about $30,000. Avalon Trust Co acquired a new position in American Healthcare REIT during the 1st quarter valued at about $36,000. Finally, Continuum Advisory LLC purchased a new stake in American Healthcare REIT in the first quarter valued at about $37,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's 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 sale, the executive directly owned 95,671 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. 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. KeyCorp lifted 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 note on Wednesday, June 11th. Robert W. Baird assumed coverage on shares of American Healthcare REIT in a research report on Friday, July 18th. They set an "outperform" rating and a $41.00 target price on the stock. Morgan Stanley raised their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada lifted their price objective on shares of American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a research note 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $41.89.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR traded up $0.07 during midday trading on Friday, reaching $42.79. The company's stock had a trading volume of 988,676 shares, compared to its average volume of 1,607,473. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $38.75 and a 200 day moving average of $34.08. American Healthcare REIT, Inc. has a twelve month low of $20.15 and a twelve month high of $43.14. The firm has a market capitalization of $7.21 billion, a PE ratio of -194.48, a P/E/G ratio of 2.19 and a beta of 1.09.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The company had revenue of $542.50 million during the quarter, compared to the consensus estimate of $539.49 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm's quarterly revenue 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. On average, equities analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is -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.