American Healthcare REIT, Inc. (NYSE:AHR) Stake Lessened by LPL Financial LLC

Key Points

• LPL Financial LLC has reduced its stake in American Healthcare REIT by 10.2% in the first quarter, now holding a position valued at approximately $23.15 million.
• American Healthcare REIT recently reported earnings per share of $0.38, slightly exceeding the consensus estimate of $0.37, while revenue increased by 8.2% compared to the same quarter last year.
• The company's quarterly dividend was set at $0.25, yielding 2.6%, although its payout ratio is notably negative at -370.37%.

LPL Financial LLC decreased its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,860 shares of the company's stock after selling 86,374 shares during the period. LPL Financial LLC owned 0.48% of American Healthcare REIT worth $23,145,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. increased its position in shares of American Healthcare REIT by 57.9% during the first quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock worth $487,000 after acquiring an additional 5,891 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after buying an additional 417 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in American Healthcare REIT in the 1st quarter worth $332,000. Sequoia Financial Advisors LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter valued at about $476,000. Finally, Janney Montgomery Scott LLC lifted its position in American Healthcare REIT by 25.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company's stock valued at $530,000 after acquiring an additional 3,578 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT stock in a transaction dated Monday, June 30th. The shares were 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 of the company's stock, valued at $3,453,723.10. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.92% of the company's stock.

American Healthcare REIT Trading Down 1.1%

Shares of American Healthcare REIT stock traded down $0.43 during trading on Wednesday, reaching $39.63. 1,515,967 shares of the stock were exchanged, compared to its average volume of 1,077,971. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average is $36.66 and its 200 day moving average is $32.50. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of -146.76, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. American Healthcare REIT, Inc. has a 1 year low of $16.29 and a 1 year high of $40.56.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The business's revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. American Healthcare REIT's dividend payout ratio (DPR) is currently -370.37%.

Analyst Ratings Changes

Several research firms have commented on AHR. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective for the company. KeyCorp lifted their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Morgan Stanley upped their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Finally, Robert W. Baird assumed coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They set an "outperform" rating and a $41.00 price objective on the stock. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $38.11.

American Healthcare REIT 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.