OVERSEA CHINESE BANKING Corp Ltd Sells 26,771 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd reduced its stake in American Healthcare REIT, Inc. by 11.2%, now holding 211,825 shares valued at approximately $6.4 million.
• American Healthcare REIT reported quarterly earnings of $0.38 per share, slightly exceeding analysts' expectations, with revenue of $540.6 million, up 8.2% year-over-year.
• The recent dividend of $0.25 per share yielded 2.6%, although the company's dividend payout ratio is exceptionally -370.37%.

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 11.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,825 shares of the company's stock after selling 26,771 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.13% of American Healthcare REIT worth $6,418,000 as of its most recent SEC filing.

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

American Healthcare REIT Stock Performance

AHR stock traded down $0.43 on Wednesday, reaching $39.63. 1,515,966 shares of the company were exchanged, compared to its average volume of 1,637,734. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. American Healthcare REIT, Inc. has a 12 month low of $16.29 and a 12 month high of $40.56. The stock's fifty day moving average price is $36.56 and its 200 day moving average price is $32.45. The firm has a market capitalization of $6.32 billion, a PE ratio of -146.76, a PEG ratio of 2.23 and a beta of 1.08.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. 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 firm earned $0.30 EPS. On average, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on AHR. Jefferies Financial Group initiated coverage on American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price target for the company. Scotiabank initiated coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price target on the stock. Truist Financial upped their price objective on American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Baird R W upgraded American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Finally, Robert W. Baird began coverage on American Healthcare REIT in a research note on Friday, July 18th. They set an "outperform" rating and a $41.00 price target for the company. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $38.11.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the sale, the executive directly owned 95,671 shares of the company's stock, 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 filing with the SEC, which is available at this link. Corporate insiders own 1.00% 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.