7,243 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Purchased by Nicolet Advisory Services LLC

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 purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,243 shares of the company's stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolff Wiese Magana LLC bought a new stake in American Healthcare REIT in the first quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its position in American Healthcare REIT by 189.0% in the first 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 bought a new stake in American Healthcare REIT in the first quarter worth $30,000. Continuum Advisory LLC bought a new stake in American Healthcare REIT in the first quarter worth $37,000. Finally, Tsfg LLC bought a new stake in American Healthcare REIT in the first quarter worth $41,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Up 2.1%

Shares of American Healthcare REIT stock traded up $0.83 during trading on Monday, hitting $39.72. 1,619,200 shares of the stock traded hands, compared to its average volume of 1,064,939. The firm has a market cap of $6.34 billion, a P/E ratio of -147.10, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a 52-week low of $14.79 and a 52-week high of $39.89. The stock's fifty day simple moving average is $36.35 and its 200 day simple moving average is $32.31.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted 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. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The company had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, June 30th. American Healthcare REIT's payout ratio is -370.37%.

Analyst Ratings Changes

AHR has been the subject of a number of analyst reports. Baird R W upgraded American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Jefferies Financial Group initiated coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 target price on the stock. Robert W. Baird initiated coverage on American Healthcare REIT in a research note on Friday, July 18th. They issued an "outperform" rating and a $41.00 target price on the stock. Morgan Stanley increased their target price 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. Finally, Scotiabank initiated coverage on American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of "Buy" and an average price target of $38.11.

Insider Transactions at American Healthcare REIT

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 stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

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.