American Healthcare REIT, Inc. $AHR Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in American Healthcare REIT by 12.4%, selling 1,263,228 shares and maintaining ownership of approximately 8.96 million shares worth $271.5 million.
• American Healthcare REIT reported earnings per share of $0.42 for the quarter, exceeding analysts' expectations, and had a revenue increase of 7.5% year-over-year.
• The company declared a quarterly dividend of $0.25 per share, equating to an annualized yield of 2.5%, despite a notably high dividend payout ratio of -454.55%.

Wellington Management Group LLP reduced its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 12.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,960,109 shares of the company's stock after selling 1,263,228 shares during the quarter. Wellington Management Group LLP owned about 5.69% of American Healthcare REIT worth $271,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. raised its position in shares of American Healthcare REIT by 57.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 16,070 shares of the company's stock worth $487,000 after buying an additional 5,891 shares during the period. GAMMA Investing LLC lifted its stake in shares of American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after purchasing an additional 417 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $332,000. Sequoia Financial Advisors LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at about $476,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Healthcare REIT by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,051 shares of the company's stock valued at $67,722,000 after purchasing an additional 89,926 shares in the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AHR shares. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. KeyCorp lifted their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Jefferies Financial Group started coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. Robert W. Baird started coverage on American Healthcare REIT in a research note on Friday, July 18th. They issued an "outperform" rating and a $41.00 price objective on the stock. Finally, JMP Securities lifted their price objective on American Healthcare REIT from $40.00 to $45.00 and gave the company a "market outperform" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $41.11.

American Healthcare REIT Stock Down 0.2%

Shares of NYSE AHR traded down $0.0650 during midday trading on Monday, reaching $42.4050. 458,877 shares of the company's stock were exchanged, compared to its average volume of 1,637,980. American Healthcare REIT, Inc. has a 52-week low of $20.15 and a 52-week high of $43.14. The stock has a market capitalization of $7.15 billion, a PE ratio of -193.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48. The business's fifty day moving average price is $38.05 and its two-hundred day moving average price is $33.57.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) 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 business had revenue of $542.50 million for the quarter, compared to analyst estimates of $539.49 million. During the same period in the previous year, the company earned $0.33 earnings per share. The company'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. Analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio is presently -454.55%.

American Healthcare REIT Company 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.