Nicolet Advisory Services LLC Acquires New Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• Nicolet Advisory Services LLC purchased a new stake in American Healthcare REIT, Inc. valued at approximately $210,000 during the first quarter, indicating growing institutional interest in the company.
• American Healthcare REIT announced a $0.25 quarterly dividend, representing a 2.6% dividend yield, despite a negative dividend payout ratio of -370.37%.
• Several research firms have upgraded their ratings and target prices for American Healthcare REIT, with Scotiabank rating it as a "sector outperform" with a target price of $42.00.

Nicolet Advisory Services LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,243 shares of the company's stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AHR. Wolff Wiese Magana LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares during the period. Spirit of America Management Corp NY bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at $30,000. Continuum Advisory LLC bought a new position in American Healthcare REIT during the first quarter worth $37,000. Finally, Tsfg LLC bought a new stake in American Healthcare REIT in the first quarter valued at $41,000. 16.68% of the stock is currently owned by institutional investors.

Insider Transactions at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction on 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 directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.92% of the company's stock.

American Healthcare REIT Stock Up 0.8%

Shares of NYSE AHR traded up $0.32 during trading on Thursday, reaching $39.97. 1,553,648 shares of the stock were exchanged, compared to its average volume of 1,635,278. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of -148.01, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. The business's 50-day moving average price is $36.66 and its 200 day moving average price is $32.50. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a twelve month low of $16.34 and a twelve month high of $40.56.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $540.60 million for 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 firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. American Healthcare REIT's payout ratio is -370.37%.

Analyst Ratings Changes

AHR has been the subject of a number of recent analyst reports. Robert W. Baird began coverage on shares of American Healthcare REIT in a research report on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective for the company. Morgan Stanley upped their price target on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Jefferies Financial Group began coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Finally, KeyCorp increased their target price on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, American Healthcare REIT presently has a consensus rating of "Buy" and an average target price 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.