N.E.W. Advisory Services LLC Has $844,000 Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• N.E.W. Advisory Services LLC reduced its holdings in American Healthcare REIT by 33.0%, selling 13,704 shares to end up with 27,839 shares worth $844,000.
• The stock of American Healthcare REIT is currently valued at $36.97, down 1.0%, with a 52-week range from $14.79 to $38.47, and has a market cap of $5.90 billion.
• American Healthcare REIT recently announced a quarterly dividend of $0.25 per share, resulting in a 2.70% dividend yield, despite a negative payout ratio of -370.37%.

N.E.W. Advisory Services LLC reduced its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 33.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,839 shares of the company's stock after selling 13,704 shares during the quarter. N.E.W. Advisory Services LLC's holdings in American Healthcare REIT were worth $844,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $97,000. Sheaff Brock Investment Advisors LLC grew its stake in shares of American Healthcare REIT by 7.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 23,984 shares of the company's stock worth $727,000 after acquiring an additional 1,706 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Healthcare REIT by 2.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 104,195 shares of the company's stock worth $3,157,000 after acquiring an additional 2,600 shares in the last quarter. Assetmark Inc. grew its stake in shares of American Healthcare REIT by 166.8% during the 1st quarter. Assetmark Inc. now owns 6,978 shares of the company's stock worth $211,000 after acquiring an additional 4,363 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of American Healthcare REIT by 24.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 34,166 shares of the company's stock worth $1,035,000 after acquiring an additional 6,621 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 completion of the sale, the executive owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.92% of the company's stock.

American Healthcare REIT Stock Performance

AHR stock traded up $0.29 during midday trading on Friday, reaching $38.93. 799,109 shares of the company were exchanged, compared to its average volume of 1,635,400. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. The business has a 50-day moving average price of $36.26 and a two-hundred day moving average price of $32.18. American Healthcare REIT, Inc. has a one year low of $14.79 and a one year high of $39.30. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of -144.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. American Healthcare REIT's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. Equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is presently -370.37%.

Wall Street Analyst Weigh In

AHR has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. Morgan Stanley raised 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 note on Tuesday, May 20th. KeyCorp raised their target price 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. Truist Financial raised their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, Scotiabank began coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price for the company. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $38.11.

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.