American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its position in American Healthcare REIT, Inc. (NYSE:AHR) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,489 shares of the company’s stock after acquiring an additional 470 shares during the quarter. Xponance Inc.’s holdings in American Healthcare REIT were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

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

American Healthcare REIT Stock Up 1.5%

Shares of NYSE AHR opened at $37.82 on Friday. American Healthcare REIT, Inc. has a 1 year low of $14.79 and a 1 year high of $38.12. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of -140.07, a PEG ratio of 2.09 and a beta of 1.09. 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’s 50-day simple moving average is $35.70 and its 200-day simple moving average is $31.55.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Monday, June 30th. American Healthcare REIT’s payout ratio is -370.37%.

Analyst Ratings Changes

Several research firms have commented on AHR. Morgan Stanley raised their price objective 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. Scotiabank began coverage on American Healthcare REIT in a research report on Monday, June 30th. They issued a “sector outperform” rating and a $42.00 price objective on the stock. KeyCorp raised their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th. Robert W. Baird began coverage on American Healthcare REIT in a research report on Friday. They issued an “outperform” rating and a $41.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on American Healthcare REIT in a research report on Monday, April 28th. They issued a “buy” rating and a $37.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by corporate insiders.

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.