OVERSEA CHINESE BANKING Corp Ltd Reduces Stock Holdings in 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 reduced its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 11.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 211,825 shares of the company's stock after selling 26,771 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.13% of American Healthcare REIT worth $6,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AHR. Stratos Wealth Partners LTD. raised its stake in 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 during the period. GAMMA Investing LLC boosted its stake in American Healthcare REIT by 42.2% in 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 purchased a new stake in American Healthcare REIT in the first quarter worth approximately $332,000. Sequoia Financial Advisors LLC purchased a new stake in American Healthcare REIT in the first quarter worth approximately $476,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of American Healthcare REIT by 25.7% during the first quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company's stock valued at $530,000 after purchasing an additional 3,578 shares during the period. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AHR has been the subject of a number of analyst reports. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. KeyCorp upped their target price on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Scotiabank assumed coverage on American Healthcare REIT in a report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 target price for the company. Robert W. Baird assumed coverage on American Healthcare REIT in a report on Friday, July 18th. They set an "outperform" rating and a $41.00 target price for the company. Finally, Morgan Stanley upped their target price on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, American Healthcare REIT currently has an average rating of "Buy" and an average price target of $38.11.

American Healthcare REIT Stock Up 2.1%

Shares of NYSE:AHR traded up $0.83 during trading on Monday, reaching $39.72. 1,619,200 shares of the stock traded hands, compared to its average volume of 1,064,939. The stock has a 50-day moving average of $36.35 and a two-hundred day moving average of $32.31. American Healthcare REIT, Inc. has a 52-week low of $14.79 and a 52-week high of $39.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The stock 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.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $542.32 million. During the same period last year, the company earned $0.30 EPS. American Healthcare REIT's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued 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 dividend payout ratio (DPR) is presently -370.37%.

Insider Buying and Selling

In related 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 completion of the sale, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.