Secure Asset Management LLC Invests $237,000 in American Healthcare REIT, Inc. $AHR

Key Points

• Secure Asset Management LLC acquired 6,449 shares of American Healthcare REIT, Inc., valued at approximately $237,000, as part of its investments during the 2nd quarter.
• Insider selling includes EVP Mark E. Foster selling 3,850 shares at an average price of $41.89, resulting in a 6.12% decrease in his ownership of the stock.
• American Healthcare REIT has announced a quarterly dividend of $0.25, yielding 2.4%, with the payout ratio currently at -454.55%.

Secure Asset Management LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,449 shares of the company's stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in American Healthcare REIT by 9.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,961 shares of the company's stock valued at $1,248,000 after buying an additional 3,066 shares during the last quarter. Balefire LLC purchased a new stake in American Healthcare REIT in the second quarter valued at approximately $387,000. Gallacher Capital Management LLC purchased a new stake in American Healthcare REIT in the second quarter valued at approximately $639,000. HMS Capital Management LLC purchased a new stake in American Healthcare REIT in the second quarter valued at approximately $430,000. Finally, BROOKFIELD Corp ON lifted its stake in American Healthcare REIT by 75.1% in the first quarter. BROOKFIELD Corp ON now owns 847,132 shares of the company's stock valued at $25,668,000 after buying an additional 363,424 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Price Performance

AHR stock traded down $0.42 on Friday, reaching $42.22. 4,056,652 shares of the company's stock were exchanged, compared to its average volume of 1,366,645. The stock has a fifty day moving average of $40.58 and a 200-day moving average of $35.46. American Healthcare REIT, Inc. has a twelve month low of $23.66 and a twelve month high of $43.52. The firm has a market cap of $7.12 billion, a PE ratio of -191.91, a P/E/G ratio of 2.17 and a beta of 1.09. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates 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 posted $0.33 earnings per share. American Healthcare REIT's quarterly revenue was up 7.5% on a year-over-year basis. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. As a group, equities analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.00 annualized dividend and a yield of 2.4%. American Healthcare REIT's dividend payout ratio is -454.55%.

Analysts Set New Price Targets

Several research firms have recently commented on AHR. Royal Bank Of Canada upped their price target on American Healthcare REIT from $39.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Truist Financial upped their price target on American Healthcare REIT from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. KeyCorp upped their price target on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Scotiabank restated an "outperform" rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. Finally, Morgan Stanley restated an "overweight" rating on shares of American Healthcare REIT in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $42.80.

Insider Buying and Selling at American Healthcare REIT

In other American Healthcare REIT news, EVP Mark E. Foster sold 3,850 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total value of $161,276.50. Following the sale, the executive vice president owned 59,100 shares of the company's stock, valued at approximately $2,475,699. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Stefan K.L. Oh sold 3,860 shares of the company'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 completion of the sale, the executive directly owned 95,671 shares in the company, valued at $3,453,723.10. This trade represents a 3.88% decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate 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.