UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 21.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 928,875 shares of the company’s stock after purchasing an additional 161,510 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.58% of American Healthcare REIT worth $28,145,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in American Healthcare REIT by 42.2% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock worth $43,000 after purchasing an additional 417 shares during the period. Benjamin Edwards Inc. increased its holdings in American Healthcare REIT by 3.2% during the 1st quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company’s stock worth $435,000 after purchasing an additional 444 shares during the period. Xponance Inc. increased its holdings in American Healthcare REIT by 4.3% during the 1st quarter. Xponance Inc. now owns 11,489 shares of the company’s stock worth $348,000 after purchasing an additional 470 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in American Healthcare REIT by 2.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 22,663 shares of the company’s stock worth $687,000 after purchasing an additional 543 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after purchasing an additional 633 shares during the period. 16.68% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT 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 transaction, the executive owned 95,671 shares in the company, valued at $3,453,723.10. The trade was a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark E. Foster sold 3,850 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total value of $161,276.50. Following the sale, the executive vice president owned 59,100 shares of the company’s stock, valued at approximately $2,475,699. This trade represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.
American Healthcare REIT Stock Performance
American Healthcare REIT (NYSE:AHR – Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $542.50 million during the quarter, compared to analyst estimates of $539.49 million. During the same quarter in the previous year, the business earned $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. On average, equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.
American Healthcare REIT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, June 30th. American Healthcare REIT’s payout ratio is currently -454.55%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on AHR shares. Truist Financial increased their target price on American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Robert W. Baird started coverage on American Healthcare REIT in a research report on Friday, July 18th. They set an “outperform” rating and a $41.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. JMP Securities increased their target price on American Healthcare REIT from $40.00 to $45.00 and gave the company a “market outperform” rating in a research report on Monday, August 11th. Finally, KeyCorp increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $41.89.
Check Out Our Latest Stock Report on AHR
American Healthcare REIT 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.
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