Raymond James Financial Inc. Increases Holdings in American Healthcare REIT, Inc. $AHR

Raymond James Financial Inc. raised its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 34.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 149,533 shares of the company’s stock after buying an additional 38,243 shares during the quarter. Raymond James Financial Inc.’s holdings in American Healthcare REIT were worth $4,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AHR. Invesco Ltd. increased its position in American Healthcare REIT by 1,543.1% during the first quarter. Invesco Ltd. now owns 5,022,455 shares of the company’s stock valued at $152,180,000 after acquiring an additional 4,716,792 shares during the last quarter. Vanguard Group Inc. increased its position in shares of American Healthcare REIT by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 18,795,192 shares of the company’s stock valued at $569,494,000 after purchasing an additional 3,437,861 shares during the last quarter. Nuveen LLC purchased a new stake in shares of American Healthcare REIT during the 1st quarter valued at about $68,097,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of American Healthcare REIT during the 1st quarter valued at about $13,384,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $12,078,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Baird R W raised shares of American Healthcare REIT to a “strong-buy” rating in a report on Thursday, July 17th. Scotiabank restated an “outperform” rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. Morgan Stanley restated an “overweight” rating on shares of American Healthcare REIT in a research note on Wednesday. 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 for the company. Finally, 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 report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $41.89.

Insider Activity

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

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $42.68 on Friday. The firm has a fifty day moving average price of $39.36 and a 200-day moving average price of $34.49. 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 cap of $7.19 billion, a PE ratio of -194.00, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09. American Healthcare REIT, Inc. has a 1 year low of $21.87 and a 1 year high of $43.14.

American Healthcare REIT (NYSE:AHR) last issued its quarterly 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 during the quarter, compared to analyst estimates of $539.49 million. During the same quarter in the prior year, the business posted $0.33 EPS. American Healthcare REIT’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. 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. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -454.55%.

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.