Envestnet Asset Management Inc. Trims Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Envestnet Asset Management Inc. decreased its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,843 shares of the company’s stock after selling 17,336 shares during the period. Envestnet Asset Management Inc. owned about 0.19% of American Healthcare REIT worth $9,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Aurora Private Wealth Inc. acquired a new position in American Healthcare REIT during the 1st quarter valued at about $1,866,000. Principal Financial Group Inc. increased its stake in shares of American Healthcare REIT by 1.1% in the first quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company’s stock worth $374,923,000 after acquiring an additional 134,822 shares during the period. Mutual Advisors LLC raised its holdings in shares of American Healthcare REIT by 6.4% during the first quarter. Mutual Advisors LLC now owns 10,603 shares of the company’s stock worth $330,000 after purchasing an additional 640 shares during the last quarter. J.Safra Asset Management Corp lifted its position in American Healthcare REIT by 20.7% during the first quarter. J.Safra Asset Management Corp now owns 5,791 shares of the company’s stock valued at $175,000 after purchasing an additional 992 shares during the period. Finally, Ameritas Advisory Services LLC lifted its position in American Healthcare REIT by 7.4% during the first quarter. Ameritas Advisory Services LLC now owns 13,512 shares of the company’s stock valued at $396,000 after purchasing an additional 931 shares during the period. 16.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the transaction, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AHR. Morgan Stanley upped their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 20th. KeyCorp raised their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, June 11th. Baird R W upgraded American Healthcare REIT to a “strong-buy” rating in a research report on Thursday, July 17th. Truist Financial raised their price objective on American Healthcare REIT from $32.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 9th. Finally, Robert W. Baird initiated coverage on shares of American Healthcare REIT in a research note on Friday. They set an “outperform” rating and a $41.00 target price on the stock. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $38.11.

American Healthcare REIT Stock Up 0.1%

Shares of NYSE AHR opened at $37.86 on Tuesday. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of -140.22, a price-to-earnings-growth ratio of 2.13 and a beta of 1.09. American Healthcare REIT, Inc. has a 52 week low of $14.79 and a 52 week high of $38.24. The firm has a 50-day moving average price of $35.76 and a 200 day moving average price of $31.67. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $540.60 million for 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 was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders 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 2.64%. The ex-dividend date of this dividend was Monday, June 30th. 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.