Vanguard Group Inc. Increases Holdings in American Healthcare REIT, Inc. $AHR

Key Points

• Vanguard Group Inc. increased its stake in American Healthcare REIT by 22.4% during the first quarter, owning approximately 11.93% of the company, totaling about $569.5 million.
• American Healthcare REIT recently reported quarterly earnings of $0.42 per share, exceeding expectations, alongside a revenue increase of 7.5% year-over-year.
• The company declared a quarterly dividend of $0.25, with a 2.5% yield, although its dividend payout ratio is currently negative at -454.55%.

Vanguard Group Inc. grew its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 22.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 18,795,192 shares of the company's stock after acquiring an additional 3,437,861 shares during the quarter. Vanguard Group Inc. owned about 11.93% of American Healthcare REIT worth $569,494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp lifted its position in American Healthcare REIT by 99.0% in the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after buying an additional 861,882 shares during the last quarter. Waterfront Capital Partners LLC bought a new stake in American Healthcare REIT during the 4th quarter valued at $15,066,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of American Healthcare REIT by 115.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 925,000 shares of the company's stock valued at $26,288,000 after acquiring an additional 495,000 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of American Healthcare REIT in the first quarter valued at about $13,384,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $12,078,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

AHR stock traded up $0.35 during trading on Monday, hitting $40.80. The stock had a trading volume of 428,429 shares, compared to its average volume of 1,632,119. The company's 50-day moving average price is $37.43 and its two-hundred day moving average price is $33.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $6.88 billion, a P/E ratio of -185.41, a PEG ratio of 2.24 and a beta of 1.08. American Healthcare REIT, Inc. has a twelve month low of $18.91 and a twelve month high of $41.50.

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 (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $542.50 million during the quarter, compared to analysts' expectations of $539.49 million. During the same quarter in the prior year, the company earned $0.33 EPS. American Healthcare REIT's revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's payout ratio is -454.55%.

Analysts Set New Price Targets

AHR has been the subject of several recent research reports. Truist Financial boosted their price target on shares of American Healthcare REIT from $38.00 to $44.00 and gave the company a "buy" rating in a report on Monday. Jefferies Financial Group started coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. Scotiabank assumed coverage on American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 target price on the stock. 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 research report on Tuesday, May 20th. Finally, Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $41.11.

Insider Transactions at American Healthcare REIT

In other 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 owned 95,671 shares in the company, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

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.