Norinchukin Bank The Acquires New Shares in American Healthcare REIT, Inc. $AHR

Key Points

• Norinchukin Bank purchased 7,073 shares of American Healthcare REIT, amounting to approximately $214,000.
• Analysts have given American Healthcare REIT a strong overall positive outlook, with an average price target of $41.11 and multiple "buy" ratings from firms like Jefferies and Truist Financial.
• The company recently announced a quarterly dividend of $0.25, representing an annual yield of 2.4%, despite a negative payout ratio of -454.55%.

Norinchukin Bank The bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,073 shares of the company's stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stratos Wealth Partners LTD. raised its stake in shares of American Healthcare REIT by 57.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock valued at $487,000 after acquiring an additional 5,891 shares in the last quarter. GAMMA Investing LLC grew its position in American Healthcare REIT by 42.2% during the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after buying an additional 417 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $332,000. Sequoia Financial Advisors LLC bought a new stake in American Healthcare REIT in the 1st quarter valued at $476,000. Finally, Charles Schwab Investment Management Inc. increased its stake in American Healthcare REIT by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company's stock valued at $67,722,000 after acquiring an additional 89,926 shares during the period. Institutional investors own 16.68% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on AHR. Truist Financial increased their price objective on American Healthcare REIT from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Tuesday. Robert W. Baird assumed 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. KeyCorp upped 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 report on Wednesday, June 11th. JMP Securities increased their price target on American Healthcare REIT from $40.00 to $45.00 and gave the company a "market outperform" rating in a research note on Monday, August 11th. 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 equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $41.89.

American Healthcare REIT Stock Performance

Shares of AHR traded down $0.06 during midday trading on Thursday, reaching $42.67. The stock had a trading volume of 1,076,205 shares, compared to its average volume of 1,624,654. American Healthcare REIT, Inc. has a one year low of $20.15 and a one year high of $43.14. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.19 billion, a PE ratio of -193.97, a P/E/G ratio of 2.19 and a beta of 1.08. The firm has a 50 day simple moving average of $38.61 and a 200-day simple moving average of $33.89.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.The firm had revenue of $542.50 million for the quarter, compared to analyst estimates of $539.49 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio is currently -454.55%.

Insiders Place Their Bets

In other American Healthcare REIT 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 transaction, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.92% of the company's stock.

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.