Norinchukin Bank The Purchases 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 acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,073 shares of the company's stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AHR. Raymond James Financial Inc. purchased a new position in shares of American Healthcare REIT during the 4th quarter worth $3,163,000. First Trust Advisors LP lifted its stake in shares of American Healthcare REIT by 5.9% during the 4th quarter. First Trust Advisors LP now owns 100,930 shares of the company's stock worth $2,868,000 after purchasing an additional 5,666 shares during the period. MetLife Investment Management LLC lifted its stake in shares of American Healthcare REIT by 83.3% during the 4th quarter. MetLife Investment Management LLC now owns 95,956 shares of the company's stock worth $2,727,000 after purchasing an additional 43,612 shares during the period. Hsbc Holdings PLC lifted its stake in shares of American Healthcare REIT by 103.7% during the 4th quarter. Hsbc Holdings PLC now owns 125,244 shares of the company's stock worth $3,559,000 after purchasing an additional 63,762 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of American Healthcare REIT by 120.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,764 shares of the company's stock worth $2,893,000 after purchasing an additional 55,651 shares during the period. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AHR shares. KeyCorp increased their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock 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 research note on Thursday, July 17th. Royal Bank Of Canada increased their price target 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. Morgan Stanley increased their price target on shares of 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, JMP Securities increased their price target on shares of American Healthcare REIT from $40.00 to $45.00 and gave the stock a "market outperform" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $41.89.

Insider Activity at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction on Monday, June 30th. The shares were 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 of the company's stock, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company's stock.

American Healthcare REIT Trading Up 0.2%

Shares of AHR stock traded up $0.07 during mid-day trading on Friday, reaching $42.79. The company's stock had a trading volume of 988,676 shares, compared to its average volume of 1,607,473. The company's 50 day simple moving average is $38.75 and its 200-day simple moving average is $34.08. American Healthcare REIT, Inc. has a 12-month low of $20.15 and a 12-month high of $43.14. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.21 billion, a PE ratio of -194.48, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The business had revenue of $542.50 million for the quarter, compared to the consensus estimate of $539.49 million. During the same quarter last year, the firm posted $0.33 EPS. 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. On average, research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is currently -454.55%.

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.