M&T Bank Corp Purchases 1,481 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

M&T Bank Corp increased its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,110 shares of the company’s stock after purchasing an additional 1,481 shares during the quarter. M&T Bank Corp’s holdings in American Healthcare REIT were worth $398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in American Healthcare REIT during the first quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its stake in American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after acquiring an additional 633 shares in the last quarter. Spirit of America Management Corp NY acquired a new position in American Healthcare REIT during the first quarter worth about $30,000. Continuum Advisory LLC acquired a new position in American Healthcare REIT during the first quarter worth about $37,000. Finally, Tsfg LLC acquired a new position in American Healthcare REIT during the first quarter worth about $41,000. Institutional investors own 16.68% of the company’s stock.

Insider Activity at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AHR has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. KeyCorp upped 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. Morgan Stanley upped their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 20th. 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 for the company. Finally, Scotiabank started coverage on American Healthcare REIT in a report on Monday, June 30th. They issued a “sector outperform” rating and a $42.00 target price on the stock. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $37.75.

American Healthcare REIT Stock Up 0.7%

Shares of NYSE AHR opened at $37.36 on Thursday. American Healthcare REIT, Inc. has a 12 month low of $14.79 and a 12 month high of $37.69. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of -138.37, a PEG ratio of 2.08 and a beta of 1.09. The business has a 50-day moving average of $35.54 and a 200-day moving average of $31.43.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. American Healthcare REIT’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Sell-side analysts expect 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 will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.68%. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

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.